Looking to diversify beyond RTXAX? The mutual funds below have historically moved differently from RTXAX, 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 RTXAX
1 mutual funds have low correlation with RTXAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.10, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.10 | 0.00 | 0.01 | 98 | Equity Market Neutral | RTXAX vs BDMIX | |
| American Funds The New Economy Fund Class A | 0.32 | 0.47 | 0.58 | 69 | Global Equities, Actively Managed | RTXAX vs ANEFX | |
| American Funds The New Economy Fund Class R-3 | 0.34 | 0.47 | 0.58 | 65 | Global Equities | RTXAX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | 0.34 | 0.47 | 0.58 | 69 | Global Equities | RTXAX vs NEFFX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.36 | 0.24 | 0.32 | 92 | Multistrategy, Systematic Trend, Global Equities | RTXAX vs MBXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RTXAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.29 | 0.45 | 0.58 | 89 |
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