Looking to diversify beyond RMTBX? The mutual funds below have historically moved differently from RMTBX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RMTBX
2 mutual funds have low correlation with RMTBX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.03, up from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.03 | -0.13 | -0.30 | 66 | Systematic Trend | RMTBX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.01 | -0.01 | 0.00 | 97 | Equity Market Neutral | RMTBX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.34 | 0.26 | 0.22 | 64 | Derivative Income | RMTBX vs BDJ | |
| Holbrook Income Fund Class I | 0.34 | 0.31 | 0.36 | 99 | Intermediate Core-Plus Bond | RMTBX vs HOBIX | |
| iShares S&P 500 Index Fund Class K | 0.36 | 0.24 | 0.23 | 63 | S&P 500 | RMTBX vs WFSPX |
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