Looking to diversify beyond REMSX? The mutual funds below have the lowest correlation with REMSX — 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 REMSX.
Best Diversifiers for REMSX
2 mutual funds have low correlation with REMSX (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 0.26, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.26 | 0.14 | 0.15 | 83 | Municipal Bonds | REMSX vs RLVSX | |
| Russell Investments Global Infrastructure Fund | 0.28 | 0.40 | 0.49 | 58 | Energy Equities | REMSX vs RGIYX | |
| Russell Investments Equity Income Fund | 0.40 | 0.46 | 0.54 | 84 | Large Cap Value Equities | REMSX vs REAYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.66 | 0.73 | 83 | Emerging Markets Diversified | REMSX vs ESCIX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.50 | 0.53 | 0.57 | 77 | Small Cap Blend Equities | REMSX vs REBYX |
See all 28 diversifiers for REMSX
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