Looking to diversify beyond RMDFX? The mutual funds below have historically moved differently from RMDFX, 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 RMDFX
18 mutual funds have low correlation with RMDFX (below 0.3), 6 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.23, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.23 | -0.16 | -0.13 | 92 | Multistrategy | RMDFX vs SRDAX | |
| GuideStone Funds Strategic Alternatives Fund | -0.20 | -0.18 | -0.16 | 93 | Multistrategy | RMDFX vs GFSYX | |
| AQR Style Premia Alternative R6 | -0.17 | -0.10 | -0.07 | 90 | Multistrategy | RMDFX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.17 | -0.09 | -0.07 | 90 | Multistrategy | RMDFX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.16 | -0.09 | -0.07 | 89 | Multistrategy | RMDFX vs QSPNX |
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