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 DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.20 | 0.06 | 0.29 | 100 | Global Bonds | RMHYX vs DFGFX | |
| Russell Investments Multifactor U.S. Equity Fund | 0.28 | 0.19 | 0.13 | 67 | Large Cap Blend Equities | RMHYX vs RTDYX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.31 | 0.39 | 0.38 | 98 | Global Bonds | RMHYX vs DGFFX | |
| Russell Investments Equity Income Fund | 0.31 | 0.22 | 0.14 | 84 | Large Cap Value Equities | RMHYX vs REAYX | |
| Russell Investments Global Infrastructure Fund | 0.31 | 0.35 | 0.28 | 58 | Energy Equities | RMHYX vs RGIYX |
See all 18 diversifiers for RMHYX
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