Looking to diversify beyond RMLVX? The mutual funds below have the lowest correlation with RMLVX — 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 RMLVX.
Best Diversifiers for RMLVX
1 mutual funds have low correlation with RMLVX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.47 | 67 | Diversified Portfolio | RMLVX vs MHELX | |
| Russell Investments Tax-Exempt Bond Fund | 0.41 | 0.36 | 0.29 | 80 | Municipal Bonds | RMLVX vs RLVSX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.60 | 0.63 | 88 | Diversified Portfolio | RMLVX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.42 | 0.60 | 0.63 | 82 | Diversified Portfolio | RMLVX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.60 | 0.64 | 86 | Diversified Portfolio | RMLVX vs FSIRX |
See all 31 diversifiers for RMLVX
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