Looking to diversify beyond RFCYX? The mutual funds below have historically moved differently from RFCYX, 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 RFCYX
0 mutual funds have low correlation with RFCYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Equity Income Fund (REAYX) (Dividend) with a 1Y correlation of 0.31, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Equity Income Fund | 0.31 | 0.22 | 0.12 | 95 | Dividend, Large Cap Value Equities | RFCYX vs REAYX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.35 | 0.21 | 0.13 | 78 | Large Cap Blend Equities | RFCYX vs RTDYX | |
| Russell Investments U.S. Strategic Equity Fund | 0.36 | 0.21 | 0.14 | 56 | Large Cap Blend Equities | RFCYX vs RSEAX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.39 | 0.25 | 0.15 | 89 | Small Cap Blend Equities | RFCYX vs REBYX | |
| Holbrook Income Fund Class I | 0.40 | 0.32 | 0.38 | 98 | Intermediate Core-Plus Bond | RFCYX vs HOBIX |
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