Looking to diversify beyond RMTBX? The mutual funds below have the lowest correlation with RMTBX — 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 RMTBX.
Best Diversifiers for RMTBX
4 mutual funds have low correlation with RMTBX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.03 | 0.00 | 0.01 | 95 | Long-Short | RMTBX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.06 | -0.12 | -0.30 | 60 | Systematic Trend | RMTBX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.25 | 0.17 | 0.19 | 66 | Technology Equities | RMTBX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.29 | 0.18 | 0.19 | 70 | Large Cap Growth Equities | RMTBX vs NASDX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.35 | 0.24 | 0.22 | 64 | Large Cap Blend Equities | RMTBX vs VTCLX |
See all 17 diversifiers for RMTBX
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