Looking to diversify beyond RFBAX? The mutual funds below have the lowest correlation with RFBAX — 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 RFBAX.
Best Diversifiers for RFBAX
7 mutual funds have low correlation with RFBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Davis New York Venture Fund (NYVTX) (Large Cap Blend Equities) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis New York Venture Fund | 0.02 | 0.08 | 0.05 | 83 | Large Cap Blend Equities | RFBAX vs NYVTX | |
| Davis Appreciation & Income Fund | 0.08 | 0.12 | 0.08 | 77 | Diversified Portfolio | RFBAX vs RPFCX | |
| Davis Opportunity Fund | 0.09 | 0.11 | 0.08 | 67 | Large Cap Blend Equities | RFBAX vs RPEAX | |
| DFA Short-Term Government Portfolio | 0.13 | 0.04 | 0.29 | 61 | Government Bonds | RFBAX vs DFFGX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.25 | 0.36 | 0.42 | 74 | Government Bonds | RFBAX vs VGAVX |
See all 18 diversifiers for RFBAX
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