Looking to diversify beyond RGIYX? The mutual funds below have the lowest correlation with RGIYX — 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 RGIYX.
Best Diversifiers for RGIYX
9 mutual funds have low correlation with RGIYX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.19, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.19 | 0.29 | 0.41 | 75 | Energy Equities | RGIYX vs SRV | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.22 | 0.29 | 0.23 | 80 | High Yield Muni | RGIYX vs RTHAX | |
| Fidelity Select Energy Portfolio | 0.22 | 0.35 | 0.45 | 63 | Energy Equities | RGIYX vs FSENX | |
| Russell Investments Tax-Exempt Bond Fund | 0.22 | 0.28 | 0.21 | 83 | Municipal Bonds | RGIYX vs RLVSX | |
| Guinness Atkinson Global Energy Fund | 0.23 | 0.36 | 0.45 | 57 | Energy Equities | RGIYX vs GAGEX |
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