Looking to diversify beyond RMEAX? The mutual funds below have historically moved differently from RMEAX, 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 RMEAX
2 mutual funds have low correlation with RMEAX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.16, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.16 | 0.50 | 0.61 | 70 | Quality Factor, Global Equities | RMEAX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.39 | 0.53 | 79 | Infrastructure Equities, Global Equities | RMEAX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.32 | 0.46 | 0.60 | 66 | Infrastructure Equities, Global Equities | RMEAX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.37 | 0.36 | 0.36 | 90 | Multistrategy, Systematic Trend, Global Equities | RMEAX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.38 | 0.36 | 0.36 | 89 | Multistrategy, Systematic Trend, Global Equities | RMEAX vs MBXAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RMEAX
Add RMEAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RMEAX