Looking to diversify beyond RA? The mutual funds below have historically moved differently from RA, 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 RA
11 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 0.13, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.11 | 0.07 | 99 | Multisector Bonds | RA vs NWXHX | |
| Center Coast Brookfield Midstream Focus Fund | 0.13 | 0.21 | 0.32 | 70 | Energy Equities | RA vs CCCNX | |
| CrossingBridge Low Duration High Yield Fund | 0.14 | 0.13 | 0.15 | 96 | Multisector Bonds | RA vs CBLDX | |
| Nationwide Strategic Income A | 0.17 | 0.14 | 0.08 | 99 | Multisector Bonds | RA vs NWXEX | |
| Easterly Income Opportunities Fund | 0.18 | 0.12 | 0.11 | 82 | Multisector Bonds | RA vs JSVIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RA, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.26 | 0.31 | 0.34 | 55 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.30 | 0.30 | 0.38 | 87 | Financial Services | |
| BlackRock Science and Technology Trust | 0.34 | 0.36 | 0.41 | 80 | Financial Services | |
| Dynex Capital, Inc. | 0.37 | 0.31 | 0.35 | 73 | Real Estate | |
| AGNC Investment Corp. | 0.39 | 0.32 | 0.35 | 79 | Real Estate |
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