Looking to diversify beyond RCPIX? The mutual funds below have historically moved differently from RCPIX, 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 RCPIX
1 mutual funds have low correlation with RCPIX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Emerging Markets Equity Fund (REEIX) (Emerging Markets Equities) with a 1Y correlation of 0.30, up from 0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Emerging Markets Equity Fund | 0.30 | 0.19 | — | 64 | Emerging Markets Equities | RCPIX vs REEIX | |
| RBC Ultra-Short Fixed Income Fund | 0.32 | 0.36 | — | 97 | Ultrashort Bond | RCPIX vs RUSIX | |
| RBC BlueBay Strategic Income Fund | 0.33 | 0.27 | — | 94 | Nontraditional Bonds | RCPIX vs RBSIX | |
| RBC Select Balanced Portfolio A | 0.34 | 0.24 | — | 73 | Global Allocation | RCPIX vs 0P0000706A.TO | |
| RBC Select Growth Portfolio A | 0.38 | 0.29 | — | 77 | Global Equities | RCPIX vs 0P00007069.TO |
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