Looking to diversify beyond RINYX? The mutual funds below have historically moved differently from RINYX, 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 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 High Yield Bond Fund (RTHAX) (High Yield Muni) with a 1Y correlation of 0.33, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.33 | 0.25 | 0.19 | 89 | High Yield Muni | RINYX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.33 | 0.24 | 0.19 | 80 | Municipal Bonds | RINYX vs RLVSX | |
| Russell Investments Short Duration Bond Fund | 0.42 | 0.32 | 0.28 | 92 | Short-Term Bond | RINYX vs RFBSX | |
| Federated Hermes International Strategic Value Div... | 0.51 | 0.61 | 0.73 | 88 | Foreign Large Cap Equities | RINYX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.51 | 0.69 | 0.77 | 61 | Foreign Large Cap Equities | RINYX vs GSIMX |
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