Looking to diversify beyond TRSTX? The mutual funds below have historically moved differently from TRSTX, 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 TRSTX
68 mutual funds have low correlation with TRSTX (below 0.3), 12 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of -0.05, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | -0.05 | 0.26 | 0.33 | 99 | Ultrashort Bond | TRSTX vs TSDOX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | -0.05 | 0.14 | 0.09 | 99 | Ultrashort Bond | TRSTX vs TSDUX | |
| Northern Ultra-Short Fixed Income Fund | -0.05 | 0.12 | 0.19 | 99 | Ultrashort Bond | TRSTX vs NUSFX | |
| Northern Tax-Advantaged U-S Fixed Income | -0.04 | 0.11 | 0.15 | 89 | Ultrashort Bond | TRSTX vs NTAUX | |
| DFA Two-Year Government Portfolio | -0.03 | -0.01 | 0.14 | 99 | Ultrashort Bond | TRSTX vs DFYGX |
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