Looking to diversify beyond RFVTX? The mutual funds below have the lowest correlation with RFVTX — 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 RFVTX.
Best Diversifiers for RFVTX
0 mutual funds have low correlation with RFVTX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds The Income Fund of America Class A (AMECX) (Diversified Portfolio) with a 1Y correlation of 0.70, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The Income Fund of America Class A | 0.70 | 0.79 | 0.83 | 58 | Diversified Portfolio, Dividend | RFVTX vs AMECX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 83 | Target Retirement Date | RFVTX vs TDIFX | |
| Prudential Day One Income Fund | 0.78 | 0.79 | 0.81 | 80 | Target Retirement Date | RFVTX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.79 | 0.73 | 0.74 | 83 | Target Retirement Date | RFVTX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.73 | 0.74 | 69 | Target Retirement Date | RFVTX vs FRQIX |
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