Looking to diversify beyond RCTIX? The mutual funds below have historically moved differently from RCTIX, 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 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 -0.35, roughly unchanged from -0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.35 | -0.28 | -0.31 | 82 | Systematic Trend | RCTIX vs QMHIX | |
| AQR Long-Short Equity Fund Class N | -0.02 | -0.07 | -0.03 | 75 | Long-Short, Actively Managed | RCTIX vs QLENX | |
| Fidelity Floating Rate High Income Fund | 0.00 | 0.05 | 0.12 | 95 | Bank Loan | RCTIX vs FFRHX | |
| Leader Short Term High Yield Bond Fund | 0.03 | 0.08 | 0.17 | 84 | Short-Term Bond | RCTIX vs LCCMX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.12 | 0.07 | 0.07 | 99 | Event Driven | RCTIX vs VARBX |
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