Looking to diversify beyond RMDAX? The mutual funds below have the lowest correlation with RMDAX — 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 RMDAX.
Best Diversifiers for RMDAX
2 mutual funds have low correlation with RMDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.20, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.20 | 0.26 | 0.27 | 97 | Bank Loan | RMDAX vs SAMBX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.20 | 0.25 | 0.32 | 61 | Emerging Markets Bonds | RMDAX vs EDF | |
| The Merger Fund | 0.32 | 0.31 | 0.35 | 97 | Event Driven | RMDAX vs MERFX | |
| Needham Growth Fund Institutional Class | 0.82 | 0.81 | 0.85 | 83 | Mid Cap Growth Equities | RMDAX vs NEEIX | |
| Needham Growth Fund | 0.83 | 0.81 | 0.85 | 82 | Mid Cap Growth Equities | RMDAX vs NEEGX |
See all 10 diversifiers for RMDAX
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