Looking to diversify beyond RERGX? The mutual funds below have historically moved differently from RERGX, 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 RERGX
10 mutual funds have low correlation with RERGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.07, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.07 | 0.17 | 0.31 | 87 | Energy Equities | RERGX vs FSENX | |
| Vanguard Commodity Strategy Fund Admiral Shares | 0.10 | 0.22 | 0.28 | 69 | Commodities | RERGX vs VCMDX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.15 | 0.14 | 0.18 | 91 | Inflation-Protected Bonds | RERGX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.24 | 0.27 | 0.35 | 93 | Bank Loan | RERGX vs FFRHX | |
| American High-Income Municipal Bond Fund | 0.25 | 0.18 | 0.16 | 81 | High Yield Muni | RERGX vs AMHIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RERGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.03 | 0.06 | 66 | Consumer Defensive | |
| Chubb Limited | -0.22 | 0.01 | 0.16 | 87 | Financial Services | |
| The Coca-Cola Company | -0.22 | 0.02 | 0.14 | 87 | Consumer Defensive | |
| Chevron Corporation | -0.20 | 0.03 | 0.19 | 79 | Energy | |
| Duke Energy Corporation | -0.20 | -0.05 | 0.05 | 52 | Utilities |
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