Looking to diversify beyond RAPZX? The mutual funds below have historically moved differently from RAPZX, 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 RAPZX
4 mutual funds have low correlation with RAPZX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) (Preferred Stock) with a 1Y correlation of 0.15, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Preferred Securities and Income SMA... | 0.15 | 0.28 | 0.32 | 85 | Preferred Stock | RAPZX vs PISHX | |
| Cohen & Steers Preferred Securities and Income Fun... | 0.20 | 0.34 | 0.37 | 77 | Preferred Stock | RAPZX vs CPXIX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.20 | 0.29 | 0.32 | 86 | Preferred Stock | RAPZX vs LPXZX | |
| Nuveen Multi-Asset Income Fund | 0.27 | 0.39 | — | 67 | Global Allocation | RAPZX vs NMAI | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.33 | 0.50 | 68 | Global Allocation | RAPZX vs MHESX |
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