Looking to diversify beyond RPFCX? The mutual funds below have historically moved differently from RPFCX, 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 RPFCX
4 mutual funds have low correlation with RPFCX (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 -0.08, down from 0.10 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... | -0.08 | -0.00 | 0.10 | 77 | Diversified Portfolio | RPFCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.13 | 0.48 | 66 | Diversified Portfolio | RPFCX vs MHELX | |
| Davis Government Bond Fund | 0.12 | 0.10 | 0.08 | 70 | Government Bonds | RPFCX vs RFBAX | |
| AQR Long-Short Equity Fund | 0.29 | 0.36 | 0.35 | 80 | Long-Short | RPFCX vs QLEIX | |
| Federated Hermes Capital Income Fund | 0.30 | 0.50 | 0.69 | 76 | Diversified Portfolio | RPFCX vs CAPAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RPFCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.43, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.43 | 0.53 | 0.59 | 75 | Real Estate |
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