Looking to diversify beyond RSFYX? The mutual funds below have historically moved differently from RSFYX, 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 RSFYX
10 mutual funds have low correlation with RSFYX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.12 | 0.01 | 0.08 | 93 | Bank Loan | RSFYX vs XPTFX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | RSFYX vs CBYYX | |
| North Square Strategic Income Fund | 0.06 | 0.07 | 0.21 | 67 | Multisector Bonds | RSFYX vs ADVNX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.11 | 0.08 | 0.13 | 100 | Bank Loan, High Yield Bonds | RSFYX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.12 | — | — | 99 | Bank Loan | RSFYX vs CAPIX |
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