Looking to diversify beyond RBCIX? The mutual funds below have historically moved differently from RBCIX, 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 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 0.16, roughly unchanged from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Ultra-Short Fixed Income Fund | 0.16 | 0.10 | — | 98 | Ultrashort Bond | RBCIX vs RUSIX | |
| RBC BlueBay Strategic Income Fund | 0.23 | 0.11 | — | 93 | Nontraditional Bonds | RBCIX vs RBSIX | |
| RBC BlueBay Emerging Market Debt Fund | 0.34 | 0.25 | — | 87 | Emerging Markets Bonds | RBCIX vs RBESX | |
| RBC BlueBay High Yield Bond Fund | 0.43 | 0.31 | — | 73 | High Yield Bonds | RBCIX vs RGHYX | |
| RBC Select Growth Portfolio A | 0.51 | 0.42 | — | 79 | Global Equities | RBCIX vs 0P00007069.TO |
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