Looking to diversify beyond RFNGX? The mutual funds below have the lowest correlation with RFNGX — 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 RFNGX.
Best Diversifiers for RFNGX
4 mutual funds have low correlation with RFNGX (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group California Short-Term Municipal Fund (CCSTX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group California Short-Term Municipal Fund | 0.17 | 0.14 | 0.09 | 76 | Municipal Bonds | RFNGX vs CCSTX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.17 | 0.14 | 0.12 | 80 | High Yield Muni | RFNGX vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.18 | 0.15 | 0.12 | 79 | High Yield Muni | RFNGX vs AHMFX | |
| Capital Group California Core Municipal Fund | 0.26 | 0.17 | 0.12 | 63 | Municipal Bonds | RFNGX vs CCCMX | |
| Baron Partners Fund | 0.51 | 0.62 | 0.68 | 52 | Large Cap Growth Equities | RFNGX vs BPTRX |
See all 37 diversifiers for RFNGX
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