Looking to diversify beyond RBESX? The mutual funds below have historically moved differently from RBESX, 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 RBESX
2 mutual funds have low correlation with RBESX (below 0.3), 1 of which are negatively correlated. The least correlated is Parametric Commodity Strategy Fund Class A (EAPCX) (Commodities) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Parametric Commodity Strategy Fund Class A | -0.10 | 0.05 | 0.13 | 84 | Commodities | RBESX vs EAPCX | |
| RBC Ultra-Short Fixed Income Fund | 0.23 | 0.28 | 0.30 | 98 | Ultrashort Bond | RBESX vs RUSIX | |
| Schwab Fundamental Emerging Markets Equity Index F... | 0.44 | 0.34 | 0.37 | 76 | Emerging Markets Equities | RBESX vs SFENX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.46 | 0.37 | 0.40 | 57 | Emerging Markets Bonds | RBESX vs EDD | |
| Schwab S&P 500 Index Fund | 0.48 | 0.35 | 0.38 | 63 | Large Cap Blend Equities, S&P 500 | RBESX vs SWPPX |
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