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RiverFront Asset Allocation Growth & Income (RLIIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to achieve long-term growth and income. The adviser and sub-adviser seek to achieve the fund's investment objective by strategically investing in, and tactically adjusting allocations to, exchange-traded funds (ETFs) that, under normal market conditions, are expected to consist of ETFs sub-advised by RiverFront as well as unaffiliated ETFs. The fund also seeks, under normal market conditions, a target asset allocation, on a look-through basis, of 60% to equities and 40% to fixed-income securities.

Looking to diversify beyond RLIIX? The mutual funds below have the lowest correlation with RLIIX — 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 RLIIX.

Best Diversifiers for RLIIX

3 mutual funds have low correlation with RLIIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.17 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.150.050.17
73
Diversified PortfolioRLIIX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.060.180.49
64
Diversified PortfolioRLIIX vs MHELX
JCRAX
ALPS/CoreCommodity Management CompleteCommoditiesS...0.220.320.39
92
CommoditiesRLIIX vs JCRAX
SMRSX
ALPS/Smith Short Duration Bond Fund0.350.310.29
87
Short-Term BondRLIIX vs SMRSX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.360.590.65
95
Diversified PortfolioRLIIX vs FCSRX
See all 31 diversifiers for RLIIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from RLIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLIIX and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.36, down from 0.53 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
IIPR
Innovative Industrial Properties, Inc.0.360.460.53
56
Real Estate

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Diversification Analysis

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