Looking to diversify beyond RAFGX? The mutual funds below have historically moved differently from RAFGX, 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 RAFGX
0 mutual funds have low correlation with RAFGX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund (MEIKX) (Large Cap Value Equities) with a 1Y correlation of 0.45, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund | 0.45 | 0.58 | 0.70 | 75 | Large Cap Value Equities | RAFGX vs MEIKX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.52 | 0.66 | 0.74 | 91 | Large Cap Value Equities, Dividend | RAFGX vs CDDYX | |
| American Funds The Income Fund of America Class A | 0.54 | 0.66 | 0.72 | 81 | Diversified Portfolio, Dividend | RAFGX vs AMECX | |
| Delaware Emerging Markets Fund | 0.55 | 0.55 | 0.58 | 92 | Emerging Markets Equities | RAFGX vs DEMIX | |
| MFS Mid Cap Value Fund Class R6 | 0.57 | 0.67 | 0.75 | 52 | Mid Cap Value Equities | RAFGX vs MVCKX |
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