Looking to diversify beyond RIDGX? The mutual funds below have the lowest correlation with RIDGX — 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 RIDGX.
Best Diversifiers for RIDGX
1 mutual funds have low correlation with RIDGX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.26, up from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.26 | 0.05 | -0.05 | 84 | Global Allocation | RIDGX vs LFMIX | |
| Allspring Absolute Return Fund | 0.42 | 0.61 | 0.62 | 87 | Global Allocation | RIDGX vs WARAX | |
| Calamos Global Dynamic Income Fund | 0.50 | 0.59 | 0.64 | 63 | Global Allocation | RIDGX vs CHW | |
| Wilmington Real Asset Fund | 0.58 | 0.67 | 0.69 | 79 | Global Allocation | RIDGX vs WMRIX | |
| American Funds Fundamental Investors Class A | 0.63 | 0.73 | 0.81 | 64 | Large Cap Blend Equities, Actively Managed | RIDGX vs ANCFX |
See all 20 diversifiers for RIDGX
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