Looking to diversify beyond REEIX? The mutual funds below have the lowest correlation with REEIX — 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 REEIX.
Best Diversifiers for REEIX
1 mutual funds have low correlation with REEIX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Ultra-Short Fixed Income Fund (RUSIX) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Ultra-Short Fixed Income Fund | 0.06 | 0.09 | 0.08 | 97 | Ultrashort Bond | REEIX vs RUSIX | |
| PIMCO Income Fund Institutional Class | 0.33 | 0.26 | 0.34 | 59 | Multisector Bonds | REEIX vs PIMIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.59 | 0.67 | 81 | Emerging Markets Diversified | REEIX vs ESCIX | |
| RBC BlueBay Emerging Market Debt Fund | 0.47 | 0.39 | 0.41 | 92 | Emerging Markets Bonds | REEIX vs RBESX | |
| Victory Integrity Small-Cap Value Fund | 0.49 | 0.48 | 0.54 | 83 | Small Cap Value Equities | REEIX vs VSCVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REEIX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.15, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.15 | 0.22 | 0.34 | 73 | Financial Services |
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