Looking to diversify beyond RPIEX? The mutual funds below have historically moved differently from RPIEX, 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 RPIEX
47 mutual funds have low correlation with RPIEX (below 0.3), 18 of which are negatively correlated. The least correlated is GMO Opportunistic Income Fund (GMODX) (Nontraditional Bonds) with a 1Y correlation of -0.30, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | -0.30 | -0.31 | -0.29 | 98 | Nontraditional Bonds | RPIEX vs GMODX | |
| MainStay MacKay Strategic Bond Fund | -0.17 | -0.32 | -0.33 | 76 | Nontraditional Bonds | RPIEX vs MASAX | |
| PIMCO Mortgage Opportunities and Bond Fund | -0.15 | -0.20 | -0.26 | 53 | Nontraditional Bonds | RPIEX vs PMZIX | |
| Angel Oak Strategic Credit Fund | -0.15 | -0.12 | -0.16 | 91 | Nontraditional Bonds | RPIEX vs ASCIX | |
| Regan Total Return Income Fund | -0.14 | -0.29 | -0.27 | 87 | Nontraditional Bonds | RPIEX vs RCTRX |
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