Looking to diversify beyond RAIIX? The mutual funds below have the lowest correlation with RAIIX — 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 RAIIX.
Best Diversifiers for RAIIX
1 mutual funds have low correlation with RAIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) (Municipal Bonds) with a 1Y correlation of 0.29, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Divrs Tax Exempt Series Fund | 0.29 | 0.21 | 0.19 | 61 | Municipal Bonds | RAIIX vs EXDVX | |
| Manning & Napier Disciplined Value Series | 0.43 | 0.52 | 0.60 | 81 | Large Cap Value Equities | RAIIX vs MNDFX | |
| Manning & Napier High Yield Bond Series | 0.49 | 0.50 | 0.53 | 88 | High Yield Bonds | RAIIX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.53 | 0.51 | 0.52 | 77 | High Yield Bonds | RAIIX vs MNHAX | |
| Kopernik Global All-Cap Fund | 0.64 | 0.53 | 0.60 | 82 | Foreign Small & Mid Cap Equities | RAIIX vs KGGIX |
See all 15 diversifiers for RAIIX
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