Looking to diversify beyond RPHIX? The mutual funds below have historically moved differently from RPHIX, 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 RPHIX
152 mutual funds have low correlation with RPHIX (below 0.3), 2 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.00 | 0.09 | 0.16 | 73 | High Yield Bonds | RPHIX vs FOCIX | |
| Federated Hermes High-Yield Strategy Portfolio | -0.00 | 0.09 | 0.20 | 74 | High Yield Bonds | RPHIX vs FHYSX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.02 | -0.03 | 0.02 | 98 | Ultrashort Bond | RPHIX vs TRBUX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.02 | 0.12 | 0.23 | 59 | High Yield Bonds | RPHIX vs FHYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.05 | 0.12 | 0.23 | 64 | High Yield Bonds | RPHIX vs FIHBX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RPHIX
Add RPHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RPHIX