Looking to diversify beyond RDMIX? The mutual funds below have historically moved differently from RDMIX, 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 RDMIX
3 mutual funds have low correlation with RDMIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Multistrategy) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.09 | 0.08 | 0.09 | 83 | Multistrategy | RDMIX vs PCBAX | |
| Rational Special Situations Income Fund | 0.15 | 0.05 | 0.05 | 98 | Multisector Bonds | RDMIX vs RFXIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.21 | 0.08 | 0.06 | 98 | Multistrategy | RDMIX vs EGRAX | |
| BlackRock Global Equity Market Neutral Fund | 0.31 | 0.15 | 0.10 | 97 | Equity Market Neutral | RDMIX vs BDMAX | |
| Rational Tactical Return Fund | 0.33 | 0.15 | 0.07 | 63 | Options Trading | RDMIX vs HRSTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RDMIX
Add RDMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RDMIX