Looking to diversify beyond RYPNX? The mutual funds below have historically moved differently from RYPNX, 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 RYPNX
0 mutual funds have low correlation with RYPNX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.34, down from 0.76 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.34 | 0.60 | 0.76 | 70 | Small Cap Value Equities | RYPNX vs VSFAX | |
| Palm Valley Capital Fund Investor Class | 0.49 | 0.60 | 0.61 | 75 | Small Cap Value Equities | RYPNX vs PVCMX | |
| Aegis Value Fund Class I | 0.51 | 0.54 | 0.60 | 95 | Small Cap Value Equities | RYPNX vs AVALX | |
| MFS Value Fund Class I | 0.61 | 0.68 | 0.74 | 79 | Large Cap Value Equities | RYPNX vs MEIIX | |
| North Star Dividend Fund | 0.63 | 0.75 | 0.81 | 78 | Small Cap Value Equities | RYPNX vs NSDVX |
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