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RBC BlueBay Emerging Market Debt Fund (RBESX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to achieve a high level of total return consisting of income and capital appreciation. The fund normally invests at least 80% of its assets in fixed income securities and/or investments that have similar economic characteristics as fixed income securities of issuers economically tied to emerging market countries that are considered by the adviser to have the potential to provide a high level of total return. It normally invests in a portfolio of fixed income securities denominated in both the U.S. Dollar and currencies of other developed countries, and in currencies of the local emerging market countries.

Looking to diversify beyond RBESX? The mutual funds below have the lowest correlation with RBESX — 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 RBESX.

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 -0.14, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EAPCX
Parametric Commodity Strategy Fund Class A-0.140.080.14
90
CommoditiesRBESX vs EAPCX
RUSIX
RBC Ultra-Short Fixed Income Fund0.200.280.29
96
Ultrashort BondRBESX vs RUSIX
SFENX
Schwab Fundamental Emerging Markets Large Company ...0.410.330.37
82
Emerging Markets DiversifiedRBESX vs SFENX
REEIX
RBC Emerging Markets Equity Fund0.420.380.40
81
Emerging Markets DiversifiedRBESX vs REEIX
SWPPX
Schwab S&P 500 Index Fund0.440.330.37
74
Large Cap Blend Equities, S&P 500RBESX vs SWPPX
See all 24 diversifiers for RBESX

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