Looking to diversify beyond RCRIX? The mutual funds below have historically moved differently from RCRIX, 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 RCRIX
45 mutual funds have low correlation with RCRIX (below 0.3), 3 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.08 | 0.14 | 93 | Bank Loan | RCRIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.03 | — | — | 99 | Bank Loan | RCRIX vs CAPIX | |
| Loomis Sayles Senior Floating Rate and Fixed Incom... | -0.00 | 0.07 | 0.15 | 73 | Bank Loan | RCRIX vs LSFYX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.04 | 0.08 | 0.15 | 93 | Bank Loan | RCRIX vs FFRSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.04 | 0.07 | 0.10 | 100 | Bank Loan, High Yield Bonds | RCRIX vs CCLFX |
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