Looking to diversify beyond RELVX? The mutual funds below have historically moved differently from RELVX, 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 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 -0.21, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.03 | 0.11 | 83 | Diversified Portfolio | RELVX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.50 | 66 | Diversified Portfolio | RELVX vs MHELX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.31 | 0.24 | 0.19 | 89 | High Yield Muni | RELVX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.32 | 0.22 | 0.17 | 80 | Municipal Bonds | RELVX vs RLVSX | |
| Russell Investments Short Duration Bond Fund | 0.37 | 0.26 | 0.23 | 92 | Short-Term Bond | RELVX vs RFBSX |
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