Looking to diversify beyond RYMQX? The mutual funds below have historically moved differently from RYMQX, 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 RYMQX
14 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 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | 0.01 | 0.10 | 0.14 | 98 | Multistrategy | RYMQX vs FCRIX | |
| Guggenheim Limited Duration Fund | 0.02 | -0.05 | -0.09 | 94 | Short-Term Bond | RYMQX vs GILHX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.03 | 0.03 | -0.00 | 99 | Multistrategy | RYMQX vs SHRIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.05 | 0.01 | 0.03 | 100 | Multistrategy | RYMQX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | 0.13 | 0.17 | 0.26 | 99 | Multistrategy | RYMQX vs ADANX |
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