Looking to diversify beyond RCTIX? The mutual funds below have the lowest correlation with RCTIX — 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 RCTIX.
Best Diversifiers for RCTIX
17 mutual funds have low correlation with RCTIX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy HV Fund (QMHIX) (Systematic Trend) with a 1Y correlation of -0.23, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.23 | -0.27 | -0.28 | 82 | Systematic Trend | RCTIX vs QMHIX | |
| AQR Long-Short Equity N | -0.00 | -0.08 | -0.02 | 51 | Long-Short | RCTIX vs QLENX | |
| Nationwide Amundi Strategic Income Fund | 0.04 | 0.26 | 0.22 | 99 | Multisector Bonds | RCTIX vs NWXHX | |
| Fidelity Floating Rate High Income Fund | 0.07 | 0.07 | 0.14 | 92 | High Yield Bonds | RCTIX vs FFRHX | |
| Leader Short Term High Yield Bond Fund | 0.08 | 0.11 | 0.19 | 75 | Short-Term Bond | RCTIX vs LCCMX |
See all 54 diversifiers for RCTIX
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Diversification Analysis
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