Looking to diversify beyond RSIIX? The mutual funds below have the lowest correlation with RSIIX — 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 RSIIX.
Best Diversifiers for RSIIX
17 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 -0.03, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.03 | -0.03 | -0.00 | 100 | High Yield Bonds | RSIIX vs XILSX | |
| Fairholme Focused Income Fund | 0.09 | 0.19 | 0.24 | 57 | High Yield Bonds | RSIIX vs FOCIX | |
| Cliffwater Corporate Lending Fund | 0.10 | 0.14 | 0.13 | 100 | High Yield Bonds | RSIIX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 0.10 | 0.11 | 0.15 | 100 | Bank Loan | RSIIX vs RCRIX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.20 | 0.22 | 0.29 | 91 | High Yield Bonds | RSIIX vs FFRAX |
See all 134 diversifiers for RSIIX
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