Looking to diversify beyond RELVX? The mutual funds below have the lowest correlation with RELVX — 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 RELVX.
Best Diversifiers for RELVX
2 mutual funds have low correlation with RELVX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.18, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | -0.01 | 0.12 | 60 | Diversified Portfolio | RELVX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.51 | 67 | Diversified Portfolio | RELVX vs MHELX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.31 | 0.23 | 0.18 | 80 | High Yield Muni | RELVX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.31 | 0.21 | 0.17 | 83 | Municipal Bonds | RELVX vs RLVSX | |
| Russell Investments Short Duration Bond Fund | 0.36 | 0.26 | 0.22 | 91 | Short-Term Bond | RELVX vs RFBSX |
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