Looking to diversify beyond RTXAX? The mutual funds below have the lowest correlation with RTXAX — 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 RTXAX.
Best Diversifiers for RTXAX
1 mutual funds have low correlation with RTXAX (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 0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.08 | -0.01 | 0.01 | 92 | Long-Short | RTXAX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.34 | 0.42 | 0.53 | 75 | Large Cap Growth Equities | RTXAX vs NASDX | |
| American Funds The New Economy Fund Class R-3 | 0.36 | 0.49 | 0.60 | 87 | Global Equities | RTXAX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.36 | 0.49 | 0.60 | 88 | Global Equities | RTXAX vs NEFFX | |
| American Funds The New Economy Fund | 0.36 | 0.49 | 0.60 | 88 | Global Equities | RTXAX vs ANEFX |
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