Looking to diversify beyond RYFIX? The mutual funds below have historically moved differently from RYFIX, 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 RYFIX
2 mutual funds have low correlation with RYFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.18, up from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.18 | 0.16 | 0.06 | 66 | Systematic Trend | RYFIX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.20 | 0.08 | 0.05 | 97 | Equity Market Neutral | RYFIX vs BDMIX | |
| Fidelity Asset Manager 40% Fund | 0.53 | 0.65 | 0.72 | 78 | Diversified Portfolio | RYFIX vs FFANX | |
| Fidelity Asset Manager 85% Fund | 0.54 | 0.67 | 0.77 | 74 | Diversified Portfolio | RYFIX vs FAMRX | |
| Fidelity Asset Manager 70% Fund | 0.55 | 0.68 | 0.77 | 75 | Diversified Portfolio, Actively Managed | RYFIX vs FASGX |
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