Looking to diversify beyond RPBAX? The mutual funds below have the lowest correlation with RPBAX — 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 RPBAX.
Best Diversifiers for RPBAX
4 mutual funds have low correlation with RPBAX (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 -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.05 | 0.15 | 73 | Diversified Portfolio | RPBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.19 | 0.50 | 64 | Diversified Portfolio | RPBAX vs MHELX | |
| T. Rowe Price Short-Term Bond Fund | 0.15 | 0.20 | 0.19 | 89 | Short-Term Bond | RPBAX vs PRWBX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.18 | 0.12 | 0.13 | 99 | Ultrashort Bond | RPBAX vs TRBUX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.59 | 0.63 | 95 | Diversified Portfolio | RPBAX vs FCSRX |
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