Looking to diversify beyond RA? The mutual funds below have the lowest correlation with RA — 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 RA.
Best Diversifiers for RA
9 mutual funds have low correlation with RA (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.10 | 0.08 | 99 | Multisector Bonds | RA vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.14 | 0.13 | 0.15 | 97 | Multisector Bonds | RA vs CBLDX | |
| Nationwide Strategic Income A | 0.14 | 0.13 | 0.08 | 99 | Multisector Bonds | RA vs NWXEX | |
| Potomac Managed Volatility Fund | 0.17 | 0.25 | 0.15 | 55 | Multisector Bonds | RA vs CRMVX | |
| Easterly Income Opportunities Fund | 0.19 | 0.12 | 0.10 | 80 | Multisector Bonds | RA vs JSVIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RA and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.25 | 0.31 | 0.34 | 81 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.30 | 0.31 | 0.38 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.33 | 0.34 | 0.41 | 89 | Financial Services | |
| Dynex Capital, Inc. | 0.36 | 0.31 | 0.34 | 76 | Real Estate | |
| AGNC Investment Corp. | 0.40 | 0.34 | 0.37 | 76 | Real Estate |
Build a portfolio that complements RA
Add RA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RA