Looking to diversify beyond RWDIX? The mutual funds below have the lowest correlation with RWDIX — 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 RWDIX.
Best Diversifiers for RWDIX
9 mutual funds have low correlation with RWDIX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.22, roughly unchanged from -0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.22 | -0.23 | — | 99 | Nontraditional Bonds | RWDIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.07 | -0.00 | 0.04 | 75 | Nontraditional Bonds | RWDIX vs PMOTX | |
| T. Rowe Price Dynamic Credit Fund | -0.02 | 0.05 | 0.05 | 76 | Nontraditional Bonds | RWDIX vs RPIDX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | RWDIX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.08 | 0.01 | 0.01 | 99 | Nontraditional Bonds | RWDIX vs SCFZX |
See all 16 diversifiers for RWDIX
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