Looking to diversify beyond RRFIX? The mutual funds below have historically moved differently from RRFIX, 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 RRFIX
9 mutual funds have low correlation with RRFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.02, roughly unchanged from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.02 | -0.04 | — | 54 | Long-Short | RRFIX vs QAMNX | |
| SEI Multi-Asset Real Return Fund Class A | 0.02 | 0.19 | 0.28 | 86 | Inflation-Protected Bonds | RRFIX vs SEIAX | |
| Federated Hermes Strategic Value Dividend Fund | 0.11 | 0.22 | 0.18 | 94 | Large Cap Value Equities | RRFIX vs SVAIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.25 | 0.36 | 0.31 | 74 | High Yield Bonds | RRFIX vs FHYSX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.27 | 0.60 | 0.72 | 91 | Inflation-Protected Bonds | RRFIX vs VTAPX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RRFIX
Add RRFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RRFIX