Looking to diversify beyond RPFCX? The mutual funds below have the lowest correlation with RPFCX — 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 RPFCX.
Best Diversifiers for RPFCX
2 mutual funds have low correlation with RPFCX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.16 | 0.50 | 70 | Diversified Portfolio | RPFCX vs MHELX | |
| Davis Government Bond Fund | 0.14 | 0.12 | 0.08 | 71 | Government Bonds | RPFCX vs RFBAX | |
| Chartwell Income Fund | 0.39 | 0.42 | 0.49 | 57 | Diversified Portfolio | RPFCX vs BERIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.40 | 0.35 | 0.38 | 99 | Diversified Portfolio | RPFCX vs STDAX | |
| Fidelity Strategic Real Return Fund | 0.41 | 0.51 | 0.56 | 87 | Diversified Portfolio | RPFCX vs FSRRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RPFCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RPFCX and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.41, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.41 | 0.53 | 0.59 | 81 | Real Estate |
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