Looking to diversify beyond RBNNX? The mutual funds below have the lowest correlation with RBNNX — 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 RBNNX.
Best Diversifiers for RBNNX
4 mutual funds have low correlation with RBNNX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.02 | 0.08 | 0.06 | 100 | High Yield Bonds | RBNNX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.13 | 0.10 | 0.13 | 100 | High Yield Bonds | RBNNX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.16 | 0.19 | 99 | High Yield Bonds | RBNNX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.26 | 0.34 | 0.46 | 69 | High Yield Bonds | RBNNX vs FHYSX | |
| RiverPark Strategic Income Fund | 0.32 | 0.24 | 0.31 | 68 | High Yield Bonds | RBNNX vs RSIIX |
See all 26 diversifiers for RBNNX
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