Looking to diversify beyond RIBIX? The mutual funds below have the lowest correlation with RIBIX — 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 RIBIX.
Best Diversifiers for RIBIX
2 mutual funds have low correlation with RIBIX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Emerging Markets Value Equity Fund (REMVX) (Emerging Markets Diversified) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Emerging Markets Value Equity Fund | 0.17 | 0.15 | 0.10 | 89 | Emerging Markets Diversified | RIBIX vs REMVX | |
| RBC Emerging Markets Equity Fund | 0.19 | 0.15 | 0.10 | 77 | Emerging Markets Diversified | RIBIX vs REEIX | |
| RBC Ultra-Short Fixed Income Fund | 0.41 | 0.43 | 0.48 | 96 | Ultrashort Bond | RIBIX vs RUSIX | |
| RBC BlueBay High Yield Bond Fund | 0.48 | 0.51 | 0.43 | 79 | High Yield Bonds | RIBIX vs RGHYX | |
| RBC BlueBay Emerging Market Debt Fund | 0.53 | 0.63 | 0.55 | 92 | Emerging Markets Bonds | RIBIX vs RBESX |
See all 8 diversifiers for RIBIX
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