Looking to diversify beyond RFRAX? The mutual funds below have the lowest correlation with RFRAX — 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 RFRAX.
Best Diversifiers for RFRAX
7 mutual funds have low correlation with RFRAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | -0.02 | 0.09 | 84 | Bank Loan | RFRAX vs XPTFX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 0.05 | 0.01 | 0.02 | 82 | Government Bonds | RFRAX vs VSBSX | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.12 | 0.16 | 100 | Bank Loan | RFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.15 | — | — | 98 | Bank Loan | RFRAX vs CAPIX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.18 | 0.27 | 0.27 | 79 | Large Cap Value Equities, Dividend | RFRAX vs CDDYX |
See all 27 diversifiers for RFRAX
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