Looking to diversify beyond RJMI? The ETFs below have the lowest correlation with RJMI — 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 RJMI.
Best Diversifiers for RJMI
0 ETFs have low correlation with RJMI (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Flexible Municipal High Income ETF (MFLX) (Municipal Bonds) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Flexible Municipal High Income ETF | 0.55 | 0.55 | 0.55 | 85 | Municipal Bonds | RJMI vs MFLX |
Diversification Analysis
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