Looking to diversify beyond RIBIX? The mutual funds below have historically moved differently from RIBIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Emerging Markets Value Equity Fund | 0.21 | 0.15 | 0.11 | 74 | Emerging Markets Equities | RIBIX vs REMVX | |
| RBC Emerging Markets Equity Fund | 0.21 | 0.16 | 0.12 | 63 | Emerging Markets Equities | RIBIX vs REEIX | |
| RBC Ultra-Short Fixed Income Fund | 0.38 | 0.41 | 0.48 | 98 | Ultrashort Bond | RIBIX vs RUSIX | |
| RBC BlueBay High Yield Bond Fund | 0.51 | 0.51 | 0.45 | 73 | High Yield Bonds | RIBIX vs RGHYX | |
| RBC BlueBay Emerging Market Debt Fund | 0.54 | 0.64 | 0.56 | 87 | Emerging Markets Bonds | RIBIX vs RBESX |
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