Looking to diversify beyond RFIMX? The mutual funds below have historically moved differently from RFIMX, 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 RFIMX
0 mutual funds have low correlation with RFIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.38, down from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.38 | 0.59 | 0.75 | 68 | Small Cap Growth Equities | RFIMX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.38 | 0.59 | 0.75 | 71 | Small Cap Growth Equities | RFIMX vs QISGX | |
| Invesco Discovery Fund Class R6 | 0.71 | 0.78 | 0.83 | 64 | Small Cap Growth Equities | RFIMX vs ODIIX | |
| Fidelity 500 Index Fund | 0.72 | 0.70 | 0.75 | 64 | S&P 500 | RFIMX vs FXAIX | |
| John Hancock Variable Insurance Trust Small Cap St... | 0.73 | 0.76 | 0.83 | 53 | Small Cap Growth Equities | RFIMX vs JESGX |
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