Looking to diversify beyond RFBAX? The mutual funds below have historically moved differently from RFBAX, 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 RFBAX
10 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 Class Y (DNVYX) (Large Cap Growth Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Davis New York Venture Fund Class Y | 0.07 | 0.07 | 0.06 | 90 | Large Cap Growth Equities | RFBAX vs DNVYX | |
| Davis New York Venture Fund | 0.08 | 0.07 | 0.06 | 90 | Large Cap Blend Equities | RFBAX vs NYVTX | |
| Selected American Shares Fund | 0.09 | 0.07 | 0.06 | 88 | Large Cap Blend Equities | RFBAX vs SLASX | |
| Davis Appreciation & Income Fund | 0.12 | 0.10 | 0.08 | 95 | Diversified Portfolio | RFBAX vs RPFCX | |
| Davis Opportunity Fund | 0.13 | 0.10 | 0.08 | 83 | Large Cap Blend Equities | RFBAX vs RPEAX |
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