Looking to diversify beyond RGAGX? The mutual funds below have historically moved differently from RGAGX, 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 RGAGX
10 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 -0.13, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.13 | 0.14 | 0.28 | 87 | Energy Equities | RGAGX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.10 | 0.15 | 91 | Inflation-Protected Bonds | RGAGX vs VTAPX | |
| Lord Abbett Short Duration Income Fund | 0.16 | 0.12 | 0.12 | 70 | Short-Term Bond | RGAGX vs LALDX | |
| American High-Income Municipal Bond Fund | 0.19 | 0.14 | 0.13 | 81 | High Yield Muni | RGAGX vs AMHIX | |
| American Funds Tax-Exempt Fund of New York | 0.22 | 0.13 | 0.12 | 71 | Municipal Bonds | RGAGX vs NYAAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RGAGX, 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 -0.38, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.38 | -0.12 | 0.01 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.35 | -0.16 | -0.01 | 52 | Utilities | |
| Chubb Limited | -0.32 | -0.05 | 0.15 | 87 | Financial Services | |
| The Coca-Cola Company | -0.28 | -0.08 | 0.10 | 87 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.26 | -0.03 | 0.13 | 85 | Energy |
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