Looking to diversify beyond RIVSX? The mutual funds below have historically moved differently from RIVSX, 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 RIVSX
1 mutual funds have low correlation with RIVSX (below 0.3), 0 of which are negatively correlated. The least correlated is Live Oak Health Sciences Fund (LOGSX) (Health & Biotech Equities) with a 1Y correlation of 0.26, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Live Oak Health Sciences Fund | 0.26 | 0.44 | 0.50 | 78 | Health & Biotech Equities | RIVSX vs LOGSX | |
| Federated Hermes MDT Small Cap Core Fund | 0.37 | 0.59 | 0.74 | 67 | Small Cap Blend Equities | RIVSX vs QISCX | |
| DFA International Small Company Portfolio | 0.60 | 0.62 | 0.66 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | RIVSX vs DFISX | |
| Auer Growth Fund | 0.61 | 0.69 | 0.73 | 91 | Small Cap Blend Equities | RIVSX vs AUERX | |
| Loomis Sayles Small Cap Value Fund | 0.61 | 0.79 | 0.84 | 72 | Small Cap Blend Equities | RIVSX vs LSSCX |
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