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
5 mutual funds have low correlation with RGIYX (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 0.22, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investments Tax-Exempt Bond Fund | 0.22 | 0.28 | 0.21 | 80 | Municipal Bonds | RGIYX vs RLVSX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.22 | 0.28 | 0.22 | 68 | High Yield Muni | RGIYX vs RTHAX | |
| Russell Investments Short Duration Bond Fund | 0.28 | 0.31 | 0.28 | 88 | Short-Term Bond | RGIYX vs RFBSX | |
| Oil Equipment & Services UltraSector ProFund | 0.28 | 0.36 | 0.44 | 70 | Energy Equities | RGIYX vs OEPIX | |
| Rydex Energy Services Fund | 0.29 | 0.37 | 0.46 | 63 | Energy Equities | RGIYX vs RYVIX |
See all 46 diversifiers for RGIYX
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