Looking to diversify beyond TRVLX? The mutual funds below have the lowest correlation with TRVLX — 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 TRVLX.
Best Diversifiers for TRVLX
1 mutual funds have low correlation with TRVLX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Multi-Sector Bond Fund | 0.24 | 0.21 | 0.17 | 91 | Global Bonds | TRVLX vs PRSNX | |
| T. Rowe Price Global Technology Fund | 0.38 | 0.44 | 0.51 | 87 | Technology Equities | TRVLX vs PRGTX | |
| T. Rowe Price Science And Technology Fund | 0.38 | 0.45 | 0.55 | 87 | Technology Equities | TRVLX vs PRSCX | |
| Rational Equity Armor Fund | 0.53 | 0.57 | 0.69 | 55 | Large Cap Value Equities | TRVLX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.53 | 0.63 | 0.73 | 78 | Large Cap Value Equities | TRVLX vs SVAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRVLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRVLX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.02 | 0.22 | 0.33 | 70 | Consumer Defensive |
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