Looking to diversify beyond RPIBX? The mutual funds below have historically moved differently from RPIBX, 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 RPIBX
1 mutual funds have low correlation with RPIBX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.19, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.19 | 0.07 | 0.31 | 100 | Global Bonds | RPIBX vs DFGFX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.37 | 0.30 | 0.31 | 77 | Large Cap Blend Equities, Dividend | RPIBX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.40 | 0.26 | 0.29 | 62 | Large Cap Blend Equities | RPIBX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.41 | 0.26 | 0.29 | 56 | Large Cap Blend Equities | RPIBX vs PRCOX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.45 | 0.58 | 0.63 | 75 | Global Bonds | RPIBX vs PRSNX |
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