Looking to diversify beyond RSEAX? The mutual funds below have historically moved differently from RSEAX, 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 RSEAX
3 mutual funds have low correlation with RSEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt Bond Fund (RLVSX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.25 | 0.15 | 0.14 | 80 | Municipal Bonds | RSEAX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.26 | 0.18 | 0.15 | 89 | High Yield Muni | RSEAX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.30 | 0.17 | 0.16 | 92 | Short-Term Bond | RSEAX vs RFBSX | |
| Russell Investments Global Infrastructure Fund | 0.31 | 0.45 | 0.60 | 64 | Infrastructure Equities, Energy Equities | RSEAX vs RGIYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | RSEAX vs SVPFX |
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