Looking to diversify beyond RTDYX? The mutual funds below have the lowest correlation with RTDYX — 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 RTDYX.
Best Diversifiers for RTDYX
3 mutual funds have low correlation with RTDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt Bond Fund (RLVSX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.21 | 0.14 | 0.12 | 80 | Municipal Bonds | RTDYX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.23 | 0.16 | 0.13 | 68 | High Yield Muni | RTDYX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.27 | 0.16 | 0.15 | 88 | Short-Term Bond | RTDYX vs RFBSX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.12 | 72 | Large Cap Blend Equities | RTDYX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.36 | 0.42 | 69 | Large Cap Blend Equities | RTDYX vs ORDNX |
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