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RBB Free Market U.S. Equity Fund (FMUEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The fund normally invests at least 80% of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds ("ETFs") that have either adopted policies to invest at least 80% of their assets in equity securities, such as common stocks, preferred stocks or securities convertible into stocks, of U.S. companies, or invest substantially all of their assets in such equity securities. It will diversify its investments by investing primarily in investment companies focusing on different segments of the equity markets.

Looking to diversify beyond FMUEX? The mutual funds below have historically moved differently from FMUEX, 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 FMUEX

0 mutual funds have low correlation with FMUEX (below 0.3), 0 of which are negatively correlated. The least correlated is RBB Free Market Fixed Income Fund (FMFIX) (Short-Term Bond) with a 1Y correlation of 0.35, up from 0.22 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FMFIX
RBB Free Market Fixed Income Fund0.350.270.22
78
Short-Term BondFMUEX vs FMFIX
HOMPX
HW Opportunities MP Fund0.700.820.87
65
Mid Cap Value EquitiesFMUEX vs HOMPX
FMNEX
RBB Free Market International Equity Fund0.700.700.75
82
Foreign Small & Mid Cap EquitiesFMUEX vs FMNEX
HWMIX
Hotchkis & Wiley Mid-Cap Value Fund0.730.860.89
86
Mid Cap Value EquitiesFMUEX vs HWMIX
NOIEX
Northern Income Equity Fund0.730.800.86
78
Large Cap Value Equities, Dividend, Actively ManagedFMUEX vs NOIEX
See all 79 diversifiers for FMUEX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for FMUEX, 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 Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.19, down from 0.57 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DOW
Dow Inc.0.190.460.57
69
Basic Materials

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