Looking to diversify beyond RICGX? The mutual funds below have the lowest correlation with RICGX — 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 RICGX.
Best Diversifiers for RICGX
1 mutual funds have low correlation with RICGX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund Class P (GAMPX) (MLPs) with a 1Y correlation of -0.05, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund Class P | -0.05 | 0.26 | 0.43 | 61 | MLPs | RICGX vs GAMPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.15 | 0.13 | 66 | Large Cap Blend Equities | RICGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.37 | 0.43 | 68 | Large Cap Blend Equities | RICGX vs ORDNX | |
| Thornburg Investment Income Builder Fund Class I | 0.55 | 0.61 | 0.70 | 98 | Diversified Portfolio | RICGX vs TIBIX | |
| Gabelli Global Financial Services Fund | 0.57 | 0.59 | 0.67 | 72 | Financials Equities | RICGX vs GFSIX |
See all 49 diversifiers for RICGX
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