Looking to diversify beyond RGIYX? The mutual funds below have historically moved differently from RGIYX, 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 RGIYX
14 mutual funds have low correlation with RGIYX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) (High Yield Muni) with a 1Y correlation of 0.19, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.19 | 0.27 | 0.22 | 89 | High Yield Muni | RGIYX vs RTHAX | |
| Russell Investments Tax-Exempt Bond Fund | 0.19 | 0.27 | 0.21 | 80 | Municipal Bonds | RGIYX vs RLVSX | |
| NXG Cushing® Midstream Energy Fund | 0.20 | 0.29 | 0.40 | 58 | Energy Equities | RGIYX vs SRV | |
| Russell Investments Short Duration Bond Fund | 0.22 | 0.30 | 0.28 | 92 | Short-Term Bond | RGIYX vs RFBSX | |
| Vanguard Energy Index Fund Admiral Shares | 0.22 | 0.34 | 0.44 | 72 | Energy Equities | RGIYX vs VENAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RGIYX
Add RGIYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RGIYX