Looking to diversify beyond RERGX? The mutual funds below have the lowest correlation with RERGX — 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 RERGX.
Best Diversifiers for RERGX
9 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 -0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.04 | 0.20 | 0.33 | 77 | Energy Equities | RERGX vs FSENX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.22 | 0.19 | 0.15 | 69 | Municipal Bonds | RERGX vs TEPAX | |
| American High-Income Municipal Bond Fund | 0.23 | 0.18 | 0.16 | 76 | High Yield Muni | RERGX vs AMHIX | |
| Fidelity Floating Rate High Income Fund | 0.25 | 0.26 | 0.34 | 91 | Bank Loan | RERGX vs FFRHX | |
| American Funds Tax Exempt Bond Fund | 0.25 | 0.18 | 0.16 | 69 | Municipal Bonds | RERGX vs AFTEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RERGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RERGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.01 | 0.10 | 73 | Consumer Defensive | |
| Walmart Inc. | -0.13 | 0.09 | 0.18 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.13 | 0.05 | 0.19 | 86 | Energy | |
| Duke Energy Corporation | -0.12 | -0.02 | 0.06 | 57 | Utilities | |
| Chevron Corporation | -0.12 | 0.08 | 0.23 | 84 | Energy |
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Build a portfolio that complements RERGX
Add RERGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RERGX