Looking to diversify beyond RINYX? The mutual funds below have the lowest correlation with RINYX — 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 RINYX.
Best Diversifiers for RINYX
0 mutual funds have low correlation with RINYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt Bond Fund (RLVSX) (Municipal Bonds) with a 1Y correlation of 0.30, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.30 | 0.23 | 0.17 | 80 | Municipal Bonds | RINYX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.31 | 0.24 | 0.18 | 68 | High Yield Muni | RINYX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.41 | 0.32 | 0.27 | 88 | Short-Term Bond | RINYX vs RFBSX | |
| Russell Investments Opportunistic Credit Fund | 0.58 | 0.47 | 0.50 | 92 | Multisector Bonds | RINYX vs RGCYX | |
| Kopernik International Fund | 0.63 | 0.54 | 0.64 | 54 | Foreign Large Cap Equities | RINYX vs KGIIX |
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