Looking to diversify beyond RGGYX? The mutual funds below have historically moved differently from RGGYX, 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 RGGYX
3 mutual funds have low correlation with RGGYX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | — | — | 100 | Nontraditional Bonds | RGGYX vs CBYYX | |
| GQG Partners Global Quality Dividend Income Fund | 0.14 | 0.49 | 0.62 | 70 | Quality Factor, Global Equities | RGGYX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.25 | 0.41 | 0.56 | 79 | Infrastructure Equities, Global Equities | RGGYX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.33 | 0.48 | 0.63 | 66 | Infrastructure Equities, Global Equities | RGGYX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.39 | 0.36 | 0.40 | 90 | Multistrategy, Systematic Trend, Global Equities | RGGYX vs MBXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RGGYX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.23, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.23 | 0.05 | 0.22 | 80 | Energy |
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