Looking to diversify beyond RLCAX? The mutual funds below have the lowest correlation with RLCAX — 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 RLCAX.
Best Diversifiers for RLCAX
1 mutual funds have low correlation with RLCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.19, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.19 | 0.58 | 0.77 | 65 | Large Cap Value Equities | RLCAX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.59 | 0.71 | 78 | Large Cap Value Equities | RLCAX vs SVAIX | |
| Columbia Global Technology Growth Fund Class A | 0.54 | 0.53 | 0.62 | 76 | Technology Equities, Large Cap Growth Equities | RLCAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.54 | 0.53 | 0.63 | 77 | Technology Equities | RLCAX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.61 | 0.62 | 0.69 | 96 | Technology Equities | RLCAX vs SLMCX |
See all 39 diversifiers for RLCAX
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