Looking to diversify beyond RSIIX? The mutual funds below have historically moved differently from RSIIX, 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 RSIIX
16 mutual funds have low correlation with RSIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.05 | -0.03 | -0.00 | 100 | High Yield Bonds | RSIIX vs XILSX | |
| Fairholme Focused Income Fund | 0.07 | 0.18 | 0.23 | 70 | High Yield Bonds | RSIIX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.11 | 0.14 | 0.13 | 100 | Bank Loan, High Yield Bonds | RSIIX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.13 | 0.16 | 99 | Bank Loan | RSIIX vs RCRIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.22 | 0.23 | 0.33 | 60 | High Yield Bonds | RSIIX vs FHYSX |
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