Looking to diversify beyond REAYX? The mutual funds below have historically moved differently from REAYX, 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 REAYX
2 mutual funds have low correlation with REAYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) (High Yield Muni) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.26 | 0.18 | 0.13 | 77 | High Yield Muni | REAYX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.27 | 0.16 | 0.12 | 70 | Municipal Bonds | REAYX vs RLVSX | |
| Russell Investments Short Duration Bond Fund | 0.31 | 0.19 | 0.16 | 86 | Short-Term Bond | REAYX vs RFBSX | |
| Allspring Emerging Markets Equity Income Fund | 0.33 | 0.37 | 0.48 | 70 | Dividend, Emerging Markets Equities | REAYX vs EQIIX | |
| GQG Partners US Quality Dividend Income Fund | 0.34 | 0.60 | 0.70 | 54 | Quality Factor, Large Cap Value Equities | REAYX vs GQHPX |
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