Looking to diversify beyond RMHYX? The mutual funds below have the lowest correlation with RMHYX — 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 RMHYX.
Best Diversifiers for RMHYX
2 mutual funds have low correlation with RMHYX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Global Fixed Income Opportunities Fund (DGFFX) (Global Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 0.28 | 0.39 | 0.37 | 98 | Global Bonds | RMHYX vs DGFFX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.29 | 0.18 | 0.13 | 66 | Large Cap Blend Equities | RMHYX vs RTDYX | |
| Russell Investments Global Equity Fund | 0.32 | 0.21 | 0.14 | 55 | Global Equities | RMHYX vs RGEAX | |
| Russell Investments Equity Income Fund | 0.32 | 0.22 | 0.14 | 75 | Large Cap Value Equities | RMHYX vs REAYX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.32 | 0.22 | 0.15 | 71 | Small Cap Blend Equities | RMHYX vs REBYX |
See all 15 diversifiers for RMHYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RMHYX
Add RMHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RMHYX