Looking to diversify beyond RPMMX? The mutual funds below have historically moved differently from RPMMX, 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 RPMMX
0 mutual funds have low correlation with RPMMX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco V.I. American Value Fund (UMCVX) (Mid Cap Value Equities) with a 1Y correlation of 0.56, down from 0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco V.I. American Value Fund | 0.56 | 0.71 | 0.80 | 72 | Mid Cap Value Equities | RPMMX vs UMCVX | |
| Invesco Value Opportunities Fund Class Y | 0.59 | 0.72 | 0.80 | 74 | Mid Cap Value Equities | RPMMX vs VVOIX | |
| Invesco Value Opportunities Fund | 0.60 | 0.72 | 0.80 | 74 | Mid Cap Value Equities | RPMMX vs VVOAX | |
| Virtus Ceredex Mid-Cap Value Equity Fund | 0.61 | 0.76 | 0.84 | 76 | Mid Cap Value Equities | RPMMX vs SMVTX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | 0.71 | 0.81 | 0.86 | 80 | Mid Cap Value Equities | RPMMX vs GTTMX |
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