Looking to diversify beyond RAGHX? The mutual funds below have historically moved differently from RAGHX, 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 RAGHX
4 mutual funds have low correlation with RAGHX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Emerging Markets Opportunities Fund (AOTIX) (Emerging Markets Equities) with a 1Y correlation of 0.14, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Emerging Markets Opportunities Fund | 0.14 | 0.24 | 0.35 | 80 | Emerging Markets Equities | RAGHX vs AOTIX | |
| Virtus Convertible Fund | 0.16 | 0.41 | 0.55 | 78 | Convertible Bonds | RAGHX vs ANNPX | |
| Virtus NFJ International Value Fund | 0.28 | 0.37 | 0.47 | 69 | Foreign Large Cap Equities | RAGHX vs ANJIX | |
| Virtus International Small-Cap Fund | 0.28 | 0.37 | 0.48 | 88 | Foreign Small & Mid Cap Equities | RAGHX vs ALOIX | |
| Virtus Short Duration High Income Fund | 0.31 | 0.35 | 0.41 | 79 | High Yield Bonds | RAGHX vs ASHIX |
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