Looking to diversify beyond TRSSX? The mutual funds below have historically moved differently from TRSSX, 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 TRSSX
1 mutual funds have low correlation with TRSSX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) (Ultrashort Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | 0.16 | 0.06 | 0.09 | 98 | Ultrashort Bond | TRSSX vs TRBUX | |
| BlackRock Low Duration Bond Portfolio | 0.34 | 0.20 | 0.19 | 72 | Short-Term Bond | TRSSX vs BFMSX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.41 | 0.62 | 0.78 | 63 | Small Cap Growth Equities | TRSSX vs QISGX | |
| T. Rowe Price Spectrum Income Fund | 0.44 | 0.42 | 0.48 | 63 | Multisector Bonds | TRSSX vs RPSIX | |
| PGIM US Real Estate Fund | 0.48 | 0.58 | 0.64 | 76 | REIT | TRSSX vs PJEZX |
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