Looking to diversify beyond ROBNX? The mutual funds below have the lowest correlation with ROBNX — 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 ROBNX.
Best Diversifiers for ROBNX
15 mutual funds have low correlation with ROBNX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.02 | 0.15 | 0.24 | 96 | Municipal Bonds | ROBNX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.12 | 0.23 | 95 | Municipal Bonds | ROBNX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.04 | 0.18 | 0.19 | 99 | Municipal Bonds | ROBNX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.11 | 0.16 | 99 | Municipal Bonds | ROBNX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.12 | 0.16 | 0.15 | 99 | Municipal Bonds | ROBNX vs ATOIX |
See all 20 diversifiers for ROBNX
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