Looking to diversify beyond RGOIX? The mutual funds below have historically moved differently from RGOIX, 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 RGOIX
3 mutual funds have low correlation with RGOIX (below 0.3), 0 of which are negatively correlated. The least correlated is RBC Ultra-Short Fixed Income Fund (RUSIX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RBC Ultra-Short Fixed Income Fund | 0.13 | 0.17 | 0.13 | 97 | Ultrashort Bond | RGOIX vs RUSIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.16 | 0.47 | 0.59 | 68 | Quality Factor, Global Equities | RGOIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.24 | 0.38 | 0.54 | 74 | Infrastructure Equities, Global Equities | RGOIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.32 | 0.45 | 0.61 | 58 | Infrastructure Equities, Global Equities | RGOIX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.34 | 0.38 | 92 | Multistrategy, Systematic Trend, Global Equities | RGOIX vs MBXIX |
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