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

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

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 the lowest correlation with FMUEX — 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 FMUEX.

Best Diversifiers for FMUEX

1 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 0.28, roughly unchanged from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FMFIX
RBB Free Market Fixed Income Fund0.280.260.21
67
Short-Term BondFMUEX vs FMFIX
FMNEX
RBB Free Market International Equity Fund0.680.700.75
71
Foreign Small & Mid Cap EquitiesFMUEX vs FMNEX
NOIEX
Northern Income Equity Fund0.730.800.86
83
Large Cap Value EquitiesFMUEX vs NOIEX
HWMIX
Hotchkis & Wiley Mid-Cap Value Fund0.800.880.91
62
Mid Cap Value EquitiesFMUEX vs HWMIX
ARFFX
Ariel Focus Fund0.830.900.92
82
Mid Cap Value EquitiesFMUEX vs ARFFX
See all 23 diversifiers for FMUEX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FMUEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMUEX and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.37, down from 0.61 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DOW
Dow Inc.0.370.520.61
60
Basic Materials

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Diversification Analysis

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