Looking to diversify beyond RPIFX? The mutual funds below have historically moved differently from RPIFX, 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 RPIFX
15 mutual funds have low correlation with RPIFX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | 0.02 | 0.09 | 93 | Bank Loan | RPIFX vs XPTFX | |
| PIMCO Low Duration Fund | 0.01 | 0.13 | 0.16 | 71 | Short-Term Bond | RPIFX vs PTLDX | |
| Doubleline Selective Credit Fund | 0.06 | 0.14 | 0.13 | 96 | Multisector Bonds | RPIFX vs DBSCX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.07 | — | — | 99 | Bank Loan | RPIFX vs CAPIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.13 | 0.09 | 0.14 | 100 | Bank Loan, High Yield Bonds | RPIFX vs CCLFX |
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