Looking to diversify beyond RMMBX? The mutual funds below have the lowest correlation with RMMBX — 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 RMMBX.
Best Diversifiers for RMMBX
21 mutual funds have low correlation with RMMBX (below 0.3), 2 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.08, up from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.08 | -0.14 | -0.22 | 51 | Systematic Trend | RMMBX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.02 | -0.04 | -0.00 | 96 | Equity Market Neutral | RMMBX vs BDMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.08 | 0.09 | 0.08 | 99 | Municipal Bonds | RMMBX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.11 | 0.07 | 0.06 | 99 | Municipal Bonds | RMMBX vs FHMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.12 | 0.12 | 0.11 | 59 | Large Cap Growth Equities | RMMBX vs NASDX |
See all 29 diversifiers for RMMBX
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