Looking to diversify beyond RLVSX? The mutual funds below have historically moved differently from RLVSX, 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 RLVSX
16 mutual funds have low correlation with RLVSX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | -0.01 | 0.21 | 0.28 | 94 | Municipal Bonds | RLVSX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.01 | 0.19 | 0.26 | 91 | Municipal Bonds | RLVSX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.06 | 0.10 | 0.09 | 99 | Municipal Bonds | RLVSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.12 | 0.13 | 0.10 | 99 | Municipal Bonds | RLVSX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.13 | 0.13 | 0.15 | 100 | Municipal Bonds | RLVSX vs ATOIX |
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