Looking to diversify beyond RBCIX? The mutual funds below have the lowest correlation with RBCIX — 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 RBCIX.
Best Diversifiers for RBCIX
2 mutual funds have low correlation with RBCIX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Ultra-Short Fixed Income Fund (RUSIX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Ultra-Short Fixed Income Fund | 0.15 | 0.10 | — | 96 | Ultrashort Bond | RBCIX vs RUSIX | |
| RBC BlueBay Strategic Income Fund | 0.21 | 0.11 | — | 91 | Nontraditional Bonds | RBCIX vs RBSIX | |
| RBC BlueBay Emerging Market Debt Fund | 0.37 | 0.26 | — | 92 | Emerging Markets Bonds | RBCIX vs RBESX | |
| RBC BlueBay High Yield Bond Fund | 0.43 | 0.33 | — | 79 | High Yield Bonds | RBCIX vs RGHYX | |
| RBC Select Growth Portfolio A | 0.47 | 0.42 | — | 84 | Global Equities | RBCIX vs 0P00007069.TO |
See all 16 diversifiers for RBCIX
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