Looking to diversify beyond TRRMX? The mutual funds below have historically moved differently from TRRMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TRRMX
0 mutual funds have low correlation with TRRMX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Value Index Fund Admiral Shares (VVIAX) (Large Cap Value Equities) with a 1Y correlation of 0.69, down from 0.81 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Value Index Fund Admiral Shares | 0.69 | 0.76 | 0.81 | 93 | Large Cap Value Equities | TRRMX vs VVIAX | |
| Dimensional Retirement Income Fund | 0.78 | 0.76 | 0.73 | 81 | Target Retirement Date | TRRMX vs TDIFX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.78 | 0.84 | 0.88 | 77 | Large Cap Blend Equities, Dividend | TRRMX vs PRDGX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.79 | 0.71 | 0.65 | 53 | Target Retirement Date | TRRMX vs DRIQX | |
| Prudential Day One Income Fund | 0.83 | 0.80 | 0.81 | 85 | Target Retirement Date | TRRMX vs PDAHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRRMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.06, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.06 | 0.21 | 0.34 | 77 | Real Estate |
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