Looking to diversify beyond RTHAX? The mutual funds below have historically moved differently from RTHAX, 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 RTHAX
5 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 0.24, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Multifactor U.S. Equity Fund | 0.24 | 0.16 | 0.14 | 78 | Large Cap Blend Equities | RTHAX vs RTDYX | |
| Russell Investments U.S. Strategic Equity Fund | 0.25 | 0.17 | 0.15 | 56 | Large Cap Blend Equities | RTHAX vs RSEAX | |
| Russell Investments U.S. Small Cap Equity Fund | 0.27 | 0.18 | 0.13 | 89 | Small Cap Blend Equities | RTHAX vs REBYX | |
| Russell Investments Global Equity Fund | 0.27 | 0.19 | 0.16 | 75 | Global Equities | RTHAX vs RGEAX | |
| Russell Investments Equity Income Fund | 0.28 | 0.18 | 0.13 | 95 | Dividend, Large Cap Value Equities | RTHAX vs REAYX |
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