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Ranger Micro Cap Fund (RFIMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal market conditions, the fund invests at least 80% of its assets in common stocks of micro capitalization ("micro cap") companies. The adviser's strategy begins by narrowing the micro cap stock universe to identify companies that the adviser believes have a proven track record of competitive advantages and the ability to produce sustainable value for shareholders in the foreseeable future.

Looking to diversify beyond RFIMX? The mutual funds below have the lowest correlation with RFIMX — 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 RFIMX.

Best Diversifiers for RFIMX

1 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 (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.29, down from 0.75 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISGX
Federated Hermes MDT Small Cap Growth Fund0.290.590.75
72
Small Cap Growth EquitiesRFIMX vs QISGX
ODIIX
Invesco Discovery Fund Class R60.720.780.84
87
Small Cap Growth EquitiesRFIMX vs ODIIX
FXAIX
Fidelity 500 Index Fund0.740.700.76
66
S&P 500RFIMX vs FXAIX
LAGWX
Lord Abbett Developing Growth Fund0.740.760.82
71
Small Cap Growth EquitiesRFIMX vs LAGWX
FTXSX
FullerThaler Behavioral Small-Cap Growth Fund0.740.770.83
82
Small Cap Growth EquitiesRFIMX vs FTXSX
See all 62 diversifiers for RFIMX

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