Looking to diversify beyond TRRMX? The mutual funds below have the lowest correlation with TRRMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TRRMX.
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 T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.70, down from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.70 | 0.76 | 0.81 | 56 | Technology Equities | TRRMX vs PRSCX | |
| Vanguard Value Index Fund Admiral Shares | 0.72 | 0.77 | 0.81 | 89 | Large Cap Value Equities | TRRMX vs VVIAX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.73 | 84 | Target Retirement Date | TRRMX vs TDIFX | |
| T. Rowe Price Capital Appreciation Fund | 0.78 | 0.84 | 0.88 | 54 | Diversified Portfolio | TRRMX vs PRWCX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.78 | 0.72 | 0.72 | 70 | Target Retirement Date | TRRMX vs FRQIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRRMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRRMX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.10, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.10 | 0.21 | 0.35 | 74 | Real Estate |
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