Looking to diversify beyond RMYYX? The mutual funds below have the lowest correlation with RMYYX — 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 RMYYX.
Best Diversifiers for RMYYX
2 mutual funds have low correlation with RMYYX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.01 | 0.14 | 0.22 | 60 | Diversified Portfolio | RMYYX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.14 | 0.43 | 67 | Diversified Portfolio | RMYYX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.43 | 0.45 | 0.46 | 80 | Diversified Portfolio | RMYYX vs BLNDX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.44 | 0.43 | 0.36 | 80 | High Yield Muni | RMYYX vs RTHAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.45 | 0.43 | 0.47 | 99 | Diversified Portfolio | RMYYX vs STDAX |
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