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
22 mutual funds have low correlation with RSF (below 0.3), 0 of which are negatively correlated. The least correlated is RiverPark Short Term High Yield Fund (RPHIX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.04 | 0.02 | 0.07 | 100 | High Yield Bonds | RSF vs RPHIX | |
| MainStay MacKay Short Duration High Yield Fund | 0.04 | 0.20 | 0.22 | 92 | High Yield Bonds | RSF vs MDHVX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.03 | 0.07 | 100 | High Yield Bonds | RSF vs CCLFX | |
| Changing Parameters Fund | 0.04 | 0.16 | 0.15 | 82 | High Yield Bonds | RSF vs CPMPX | |
| Franklin Templeton SMACS: Series I | 0.06 | 0.23 | 0.23 | 94 | High Yield Bonds | RSF vs FQTIX |
See all 22 diversifiers for RSF
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Diversification Analysis
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