Looking to diversify beyond RMYYX? The mutual funds below have historically moved differently from RMYYX, 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 RMYYX
2 mutual funds have low correlation with RMYYX (below 0.3), 1 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 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.01 | 0.12 | 0.21 | 83 | Diversified Portfolio | RMYYX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.12 | 0.43 | 66 | Diversified Portfolio | RMYYX vs MHELX | |
| Standpoint Multi-Asset Fund Institutional | 0.41 | 0.45 | 0.45 | 84 | Diversified Portfolio | RMYYX vs BLNDX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.44 | 0.43 | 0.36 | 89 | High Yield Muni | RMYYX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.46 | 0.42 | 0.33 | 80 | Municipal Bonds | RMYYX vs RLVSX |
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