Looking to diversify beyond RCRYX? The mutual funds below have historically moved differently from RCRYX, 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 RCRYX
22 mutual funds have low correlation with RCRYX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.13, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.13 | 0.09 | 0.21 | 73 | High Yield Bonds | RCRYX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.04 | 0.05 | 0.09 | 100 | Bank Loan, High Yield Bonds | RCRYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.07 | 0.13 | 0.22 | 100 | High Yield Bonds | RCRYX vs RPHIX | |
| Pioneer ILS Interval Fund | 0.09 | 0.05 | 0.05 | 100 | High Yield Bonds | RCRYX vs XILSX | |
| Pioneer Equity Income Fund | 0.12 | 0.23 | 0.31 | 74 | Dividend, Large Cap Value Equities | RCRYX vs PEQIX |
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