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Ranger Small Cap Fund (RFISX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund normally invests at least 80% of its assets in common stocks of small capitalization ("small cap") companies. The adviser's strategy begins with the narrowing of the small 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 RFISX? The mutual funds below have the lowest correlation with RFISX — 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 RFISX.

Best Diversifiers for RFISX

0 mutual funds have low correlation with RFISX (below 0.3), 0 of which are negatively correlated. The least correlated is Driehaus Micro Cap Growth Fund (DMCRX) (Small Cap Growth Equities) with a 1Y correlation of 0.74, roughly unchanged from 0.84 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DMCRX
Driehaus Micro Cap Growth Fund0.740.790.84
90
Small Cap Growth EquitiesRFISX vs DMCRX
OBMCX
Oberweis Micro Cap Fund0.770.820.86
87
Small Cap Growth EquitiesRFISX vs OBMCX
NESIX
Needham Small Cap Growth Fund Institutional0.780.780.82
90
Small Cap Growth EquitiesRFISX vs NESIX
NESGX
Needham Small Cap Growth Fund0.780.780.82
90
Small Cap Growth EquitiesRFISX vs NESGX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.790.770.81
87
Small Cap Growth EquitiesRFISX vs NEAIX
See all 15 diversifiers for RFISX

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