Looking to diversify beyond RYMQX? The mutual funds below have the lowest correlation with RYMQX — 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 RYMQX.
Best Diversifiers for RYMQX
13 mutual funds have low correlation with RYMQX (below 0.3), 0 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | 0.01 | 0.11 | 0.15 | 97 | Multistrategy | RYMQX vs FCRIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.03 | 0.01 | 0.02 | 100 | Multistrategy | RYMQX vs SRRIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.04 | 0.02 | -0.01 | 98 | Multistrategy | RYMQX vs SHRIX | |
| Guggenheim Limited Duration Fund | 0.11 | -0.02 | -0.09 | 86 | Short-Term Bond | RYMQX vs GILHX | |
| AQR Diversified Arbitrage Fund Class N | 0.15 | 0.17 | 0.27 | 99 | Multistrategy | RYMQX vs ADANX |
See all 27 diversifiers for RYMQX
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