Looking to diversify beyond RFNBX? The mutual funds below have the lowest correlation with RFNBX — 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 RFNBX.
Best Diversifiers for RFNBX
4 mutual funds have low correlation with RFNBX (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group California Short-Term Municipal Fund (CCSTX) (Municipal Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group California Short-Term Municipal Fund | 0.16 | 0.14 | 0.09 | 77 | Municipal Bonds | RFNBX vs CCSTX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.17 | 0.14 | 0.12 | 81 | High Yield Muni | RFNBX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.17 | 0.14 | 0.12 | 80 | High Yield Muni | RFNBX vs AHMFX | |
| Capital Group California Core Municipal Fund | 0.26 | 0.16 | 0.12 | 63 | Municipal Bonds | RFNBX vs CCCMX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.14 | 0.13 | 72 | Large Cap Blend Equities | RFNBX vs SVPFX |
See all 42 diversifiers for RFNBX
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