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Russell Investment Tax-Managed International Equity Fund (RTNAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in equity securities. It invests principally in equity securities, including common stocks and preferred stocks, issued by companies economically tied to non-U.S. countries, including emerging market countries, and in depositary receipts. The fund will invest at least 40%, and may invest up to 100%, of its assets in equity securities economically tied to non-U.S. countries. It may also invest in equity securities of U.S. companies.

Looking to diversify beyond RTNAX? The mutual funds below have the lowest correlation with RTNAX — 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 RTNAX.

Best Diversifiers for RTNAX

1 mutual funds have low correlation with RTNAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.22, up from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.220.100.07
91
Long-ShortRTNAX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.530.350.16
67
Systematic TrendRTNAX vs ASFYX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.690.640.66
76
Large Cap Growth EquitiesRTNAX vs NASDX
KGIIX
Kopernik International Fund0.700.600.69
82
Foreign Large Cap EquitiesRTNAX vs KGIIX
PTSIX
PIMCO RAE PLUS International Fund0.700.710.72
83
Foreign Large Cap EquitiesRTNAX vs PTSIX
See all 28 diversifiers for RTNAX

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