Looking to diversify beyond RTHAX? The mutual funds below have the lowest correlation with RTHAX — 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 RTHAX.
Best Diversifiers for RTHAX
6 mutual funds have low correlation with RTHAX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Multifactor U.S. Equity Fund (RTDYX) (Large Cap Blend Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Multifactor U.S. Equity Fund | 0.20 | 0.16 | 0.13 | 70 | Large Cap Blend Equities | RTHAX vs RTDYX | |
| Russell Investments Equity Income Fund | 0.22 | 0.18 | 0.13 | 70 | Large Cap Value Equities | RTHAX vs REAYX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.23 | 0.17 | 0.13 | 57 | Small Cap Blend Equities | RTHAX vs REBYX | |
| Russell Investments Global Equity Fund | 0.24 | 0.19 | 0.15 | 50 | Global Equities | RTHAX vs RGEAX | |
| Russell Investments LifePoints Equity Growth Strat... | 0.27 | 0.23 | 0.18 | 64 | Diversified Portfolio | RTHAX vs RELVX |
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