Looking to diversify beyond RFM? The mutual funds below have the lowest correlation with RFM — 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 RFM.
Best Diversifiers for RFM
6 mutual funds have low correlation with RFM (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Municipal High Yield Advtg Fd (FHTFX) (High Yield Muni) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal High Yield Advtg Fd | 0.21 | 0.28 | 0.30 | 91 | High Yield Muni | RFM vs FHTFX | |
| T. Rowe Price Tax Free High Yield Fund | 0.26 | 0.34 | 0.33 | 93 | High Yield Muni | RFM vs PRFHX | |
| Counterpoint Tactical Municipal Fund | 0.26 | 0.20 | 0.20 | 70 | High Yield Muni | RFM vs TMNIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.28 | 0.32 | 0.30 | 57 | High Yield Muni | RFM vs AHYMX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.29 | 0.27 | 0.23 | 65 | High Yield Muni | RFM vs NVHIX |
See all 21 diversifiers for RFM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RFM
Add RFM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RFM