Looking to diversify beyond RMBKX? The mutual funds below have the lowest correlation with RMBKX — 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 RMBKX.
Best Diversifiers for RMBKX
2 mutual funds have low correlation with RMBKX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.09 | 0.07 | 0.06 | 67 | Systematic Trend | RMBKX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.17 | 0.09 | 0.04 | 92 | Long-Short | RMBKX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.34 | 0.35 | 0.46 | 75 | Large Cap Growth Equities | RMBKX vs NASDX | |
| Fidelity Asset Manager 70% Fund | 0.44 | 0.52 | 0.59 | 77 | Diversified Portfolio | RMBKX vs FASGX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.48 | 0.51 | 0.59 | 81 | Diversified Portfolio | RMBKX vs VTMFX |
See all 10 diversifiers for RMBKX
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