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 RiverNorth Capital and Income Fund (RSF) (High Yield Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverNorth Capital and Income Fund | 0.11 | 0.19 | 0.16 | 56 | High Yield Bonds | RFM vs RSF | |
| Federated Hermes Municipal High Yield Advtg Fd | 0.21 | 0.28 | 0.30 | 95 | High Yield Muni | RFM vs FHTFX | |
| T. Rowe Price Tax Free High Yield Fund | 0.27 | 0.34 | 0.33 | 96 | High Yield Muni | RFM vs PRFHX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.29 | 0.28 | 0.23 | 76 | High Yield Muni | RFM vs NVHIX | |
| Counterpoint Tactical Municipal Fund | 0.29 | 0.21 | 0.20 | 80 | High Yield Muni | RFM vs TMNIX |
See all 25 diversifiers for RFM
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