Looking to diversify beyond RSF? The mutual funds below have the lowest correlation with RSF — 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 RSF.
Best Diversifiers for RSF
20 mutual funds have low correlation with RSF (below 0.3), 0 of which are negatively correlated. The least correlated is Changing Parameters Fund (CPMPX) (High Yield Bonds) with a 1Y correlation of 0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Changing Parameters Fund | 0.03 | 0.16 | 0.15 | 85 | High Yield Bonds | RSF vs CPMPX | |
| RiverPark Short Term High Yield Fund | 0.03 | 0.02 | 0.07 | 99 | High Yield Bonds | RSF vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | 0.04 | 0.22 | 0.22 | 93 | High Yield Bonds | RSF vs MDHVX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.03 | 0.07 | 100 | High Yield Bonds | RSF vs CCLFX | |
| American Beacon SiM High Yield Opportunities Fund ... | 0.06 | 0.21 | 0.22 | 96 | High Yield Bonds | RSF vs SHOYX |
See all 20 diversifiers for RSF
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Diversification Analysis
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