Looking to diversify beyond TRSSX? The mutual funds below have the lowest correlation with TRSSX — 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 TRSSX.
Best Diversifiers for TRSSX
3 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 0.12, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | 0.12 | 0.06 | 0.07 | 99 | Ultrashort Bond | TRSSX vs TRBUX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.26 | 0.61 | 0.78 | 66 | Small Cap Growth Equities | TRSSX vs QISGX | |
| BlackRock Low Duration Bond Portfolio | 0.28 | 0.19 | 0.18 | 73 | Short-Term Bond | TRSSX vs BFMSX | |
| T. Rowe Price Spectrum Income Fund | 0.41 | 0.42 | 0.48 | 86 | Multisector Bonds | TRSSX vs RPSIX | |
| PGIM High Yield Fund | 0.50 | 0.47 | 0.47 | 72 | High Yield Bonds | TRSSX vs PBHAX |
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