Looking to diversify beyond RFAYX? The mutual funds below have historically moved differently from RFAYX, 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 RFAYX
2 mutual funds have low correlation with RFAYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Emerging Markets Fund (REMSX) (Emerging Markets Equities) with a 1Y correlation of 0.24, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Emerging Markets Fund | 0.24 | 0.14 | 0.09 | 54 | Emerging Markets Equities | RFAYX vs REMSX | |
| Russell Investments Global Infrastructure Fund | 0.27 | 0.36 | 0.27 | 64 | Infrastructure Equities, Energy Equities | RFAYX vs RGIYX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.34 | 0.21 | 0.13 | 67 | Large Cap Blend Equities | RFAYX vs RTDYX | |
| Russell Investments Equity Income Fund | 0.34 | 0.24 | 0.13 | 91 | Dividend, Large Cap Value Equities | RFAYX vs REAYX | |
| Russell Investments Global Equity Fund | 0.38 | 0.24 | 0.16 | 67 | Global Equities | RFAYX vs RGEAX |
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