Looking to diversify beyond RFAYX? The mutual funds below have the lowest correlation with RFAYX — 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 RFAYX.
Best Diversifiers for RFAYX
1 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 Diversified) with a 1Y correlation of 0.21, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Emerging Markets Fund | 0.21 | 0.14 | 0.07 | 87 | Emerging Markets Diversified | RFAYX vs REMSX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.34 | 0.21 | 0.12 | 66 | Large Cap Blend Equities | RFAYX vs RTDYX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.37 | 0.25 | 0.13 | 71 | Small Cap Blend Equities | RFAYX vs REBYX | |
| Russell Investments Global Equity Fund | 0.37 | 0.24 | 0.14 | 55 | Global Equities | RFAYX vs RGEAX | |
| Russell Investments Equity Income Fund | 0.38 | 0.24 | 0.12 | 75 | Large Cap Value Equities | RFAYX vs REAYX |
See all 19 diversifiers for RFAYX
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