Looking to diversify beyond RYFIX? The mutual funds below have the lowest correlation with RYFIX — 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 RYFIX.
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 BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.21, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.09 | 0.05 | 95 | Long-Short | RYFIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.23 | 0.17 | 0.08 | 60 | Systematic Trend | RYFIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.32 | 0.41 | 0.56 | 66 | Technology Equities | RYFIX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.46 | 0.50 | 0.62 | 70 | Large Cap Growth Equities | RYFIX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.60 | 0.67 | 0.73 | 79 | Diversified Portfolio | RYFIX vs FFANX |
See all 14 diversifiers for RYFIX
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