Looking to diversify beyond REAYX? The mutual funds below have the lowest correlation with REAYX — 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 REAYX.
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 Bond Fund (RLVSX) (Municipal Bonds) with a 1Y correlation of 0.24, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.24 | 0.16 | 0.12 | 80 | Municipal Bonds | REAYX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.26 | 0.18 | 0.13 | 68 | High Yield Muni | REAYX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.32 | 0.18 | 0.15 | 88 | Short-Term Bond | REAYX vs RFBSX | |
| Russell Investments Emerging Markets Fund | 0.43 | 0.48 | 0.55 | 87 | Emerging Markets Diversified | REAYX vs REMSX | |
| Vanguard Emerging Markets Stock Index Fund Admiral... | 0.50 | 0.49 | 0.54 | 52 | Emerging Markets Equities | REAYX vs VEMAX |
See all 46 diversifiers for REAYX
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