Looking to diversify beyond RAPZX? The mutual funds below have the lowest correlation with RAPZX — 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 RAPZX.
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/Convertible Bonds) with a 1Y correlation of 0.13, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Preferred Securities and Income SMA... | 0.13 | 0.29 | 0.33 | 88 | Preferred Stock/Convertible Bonds | RAPZX vs PISHX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.16 | 0.29 | 0.32 | 85 | Preferred Stock/Convertible Bonds | RAPZX vs LPXZX | |
| Cohen & Steers Preferred Securities and Income Fun... | 0.17 | 0.36 | 0.38 | 82 | Preferred Stock/Convertible Bonds | RAPZX vs CPXIX | |
| Calamos Global Dynamic Income Fund | 0.28 | 0.42 | 0.48 | 72 | Global Allocation | RAPZX vs CHW | |
| Calamos Global Total Return Fund | 0.31 | 0.37 | 0.43 | 51 | Global Allocation | RAPZX vs CGO |
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