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Redwood Managed Municipal Income Fund (RWMIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal circumstances, the fund will, directly or indirectly, invest at least 80% of its assets (including any borrowings for investment purposes) in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax and may subject certain investors to alternative minimum tax. It may invest directly or indirectly in various types of derivatives, including swap contracts as a substitute for making direct investments in underlying instruments or to reduce certain investment exposures.

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

Best Diversifiers for RWMIX

2 mutual funds have low correlation with RWMIX (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CREMX
Redwood Real Estate Income Fund0.25——
100
REITRWMIX vs CREMX
RWDIX
Redwood Managed Volatility Fund0.300.300.34
82
Nontraditional BondsRWMIX vs RWDIX
AHYMX
abrdn Short Duration High Yield Municipal Fund0.430.440.47
57
High Yield MuniRWMIX vs AHYMX
RTHAX
Russell Investments Tax-Exempt High Yield Bond Fun...0.460.530.55
68
High Yield MuniRWMIX vs RTHAX
NVHIX
Nuveen Short Duration High Yield Municipal Bond Fu...0.480.490.48
65
High Yield MuniRWMIX vs NVHIX
See all 47 diversifiers for RWMIX

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Diversification Analysis

Build a portfolio that complements RWMIX

Add RWMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with RWMIX