Looking to diversify beyond TRVLX? The mutual funds below have historically moved differently from TRVLX, 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 TRVLX
2 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 0.25, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Multi-Sector Bond Fund | 0.25 | 0.22 | 0.19 | 75 | Global Bonds | TRVLX vs PRSNX | |
| Vanguard Short-Term Federal Fund Admiral Shares | 0.28 | 0.16 | 0.11 | 74 | Total Bond Market | TRVLX vs VSGDX | |
| GQG Partners US Quality Dividend Income Fund | 0.31 | 0.60 | 0.71 | 62 | Quality Factor, Large Cap Value Equities | TRVLX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.33 | 0.61 | 0.70 | 93 | Large Cap Value Equities | TRVLX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.39 | 0.64 | 0.74 | 89 | Large Cap Value Equities | TRVLX vs YAFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRVLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.04 | 0.22 | 0.31 | 66 | Consumer Defensive |
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