Looking to diversify beyond RLSIX? The mutual funds below have the lowest correlation with RLSIX — 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 RLSIX.
Best Diversifiers for RLSIX
6 mutual funds have low correlation with RLSIX (below 0.3), 3 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of -0.01, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -0.01 | 0.22 | -0.00 | 60 | Long-Short | RLSIX vs KCEIX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.01 | 0.01 | -0.13 | 85 | Long-Short | RLSIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.00 | 0.01 | -0.12 | 85 | Long-Short | RLSIX vs VMNFX | |
| RiverPark Floating Rate CMBS Fund | 0.10 | 0.08 | 0.06 | 100 | Bank Loan | RLSIX vs RCRIX | |
| RiverPark Short Term High Yield Fund | 0.26 | 0.18 | 0.17 | 99 | High Yield Bonds | RLSIX vs RPHIX |
See all 18 diversifiers for RLSIX
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