Looking to diversify beyond RGAGX? The mutual funds below have the lowest correlation with RGAGX — 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 RGAGX.
Best Diversifiers for RGAGX
11 mutual funds have low correlation with RGAGX (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 -0.09, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.09 | 0.18 | 0.30 | 79 | Energy Equities | RGAGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.10 | 0.15 | 94 | Inflation-Protected Bonds | RGAGX vs VTAPX | |
| American High-Income Municipal Bond Fund | 0.12 | 0.13 | 0.12 | 76 | High Yield Muni | RGAGX vs AMHIX | |
| Lord Abbett Short Duration Income Fund | 0.14 | 0.12 | 0.11 | 67 | Short-Term Bond | RGAGX vs LALDX | |
| American Funds Tax-Exempt Preservation Portfolio | 0.16 | 0.14 | 0.10 | 69 | Municipal Bonds | RGAGX vs TEPAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RGAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RGAGX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.06 | 0.05 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.11 | -0.00 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.19 | 0.02 | 0.15 | 85 | Energy | |
| Chevron Corporation | -0.19 | 0.03 | 0.17 | 83 | Energy | |
| ConocoPhillips Company | -0.17 | 0.05 | 0.17 | 76 | Energy |
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