Looking to diversify beyond RMI? The mutual funds below have the lowest correlation with RMI — 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 RMI.
Best Diversifiers for RMI
13 mutual funds have low correlation with RMI (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.02 | 0.09 | 0.12 | 99 | Municipal Bonds | RMI vs DFSMX | |
| Nuveen Arizona Quality Municipal Income Fund | 0.05 | 0.34 | 0.25 | 57 | Municipal Bonds | RMI vs NAZ | |
| JPMorgan Ultra-Short Municipal Fund | 0.06 | 0.17 | 0.17 | 99 | Municipal Bonds | RMI vs USMSX | |
| DFA NY Municipal Bond Portfolio | 0.07 | 0.20 | 0.15 | 99 | Municipal Bonds | RMI vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.12 | 0.14 | 0.14 | 99 | Municipal Bonds | RMI vs DFCMX |
See all 15 diversifiers for RMI
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Diversification Analysis
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