Looking to diversify beyond RPIFX? The mutual funds below have the lowest correlation with RPIFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RPIFX.
Best Diversifiers for RPIFX
13 mutual funds have low correlation with RPIFX (below 0.3), 2 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 -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | 0.02 | 0.10 | 84 | Bank Loan | RPIFX vs XPTFX | |
| Doubleline Selective Credit Fund | -0.00 | 0.14 | 0.13 | 95 | Multisector Bonds | RPIFX vs DBSCX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 98 | Bank Loan | RPIFX vs CAPIX | |
| Colorado Bond Shares A Tax Exempt Fund | 0.13 | 0.15 | 0.20 | 97 | Municipal Bonds | RPIFX vs HICOX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.15 | 0.33 | 0.53 | 87 | Bank Loan | RPIFX vs FFRSX |
See all 56 diversifiers for RPIFX
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