Looking to diversify beyond RGEAX? The mutual funds below have the lowest correlation with RGEAX — 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 RGEAX.
Best Diversifiers for RGEAX
2 mutual funds have low correlation with RGEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt Bond Fund (RLVSX) (Municipal Bonds) with a 1Y correlation of 0.24, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.24 | 0.16 | 0.13 | 80 | Municipal Bonds | RGEAX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.26 | 0.19 | 0.15 | 68 | High Yield Muni | RGEAX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.32 | 0.21 | 0.18 | 88 | Short-Term Bond | RGEAX vs RFBSX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.34 | 0.43 | 0.57 | 51 | Global Equities | RGEAX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.55 | 0.67 | 0.76 | 76 | Global Equities | RGEAX vs RTXAX |
See all 41 diversifiers for RGEAX
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