Looking to diversify beyond RAIIX? The mutual funds below have historically moved differently from RAIIX, 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 RAIIX
0 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 0.33, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Divrs Tax Exempt Series Fund | 0.33 | 0.22 | 0.19 | 60 | Municipal Bonds | RAIIX vs EXDVX | |
| Manning & Napier Disciplined Value Series | 0.37 | 0.49 | 0.58 | 93 | Large Cap Value Equities | RAIIX vs MNDFX | |
| Manning & Napier High Yield Bond Series | 0.56 | 0.50 | 0.54 | 87 | High Yield Bonds | RAIIX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.57 | 0.51 | 0.53 | 79 | High Yield Bonds | RAIIX vs MNHAX | |
| AMG Yacktman Special Opportunities Fund | 0.59 | 0.60 | 0.68 | 55 | Foreign Small & Mid Cap Equities | RAIIX vs YASLX |
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