Looking to diversify beyond RGBFX? The mutual funds below have the lowest correlation with RGBFX — 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 RGBFX.
Best Diversifiers for RGBFX
1 mutual funds have low correlation with RGBFX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.24, up from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.06 | -0.08 | 85 | Global Allocation | RGBFX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.43 | 0.66 | 57 | Global Allocation | RGBFX vs MHESX | |
| Hartford Real Asset Fund | 0.46 | 0.60 | 0.69 | 88 | Global Allocation | RGBFX vs HRLYX | |
| Allspring Absolute Return Fund | 0.50 | 0.65 | 0.63 | 91 | Global Allocation | RGBFX vs WARAX | |
| Nuveen Real Asset Income Fund | 0.55 | 0.66 | 0.75 | 52 | Global Allocation | RGBFX vs NRIIX |
See all 19 diversifiers for RGBFX
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Diversification Analysis
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