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 0.27, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.27 | 0.06 | -0.04 | 85 | Global Allocation | RIDGX vs LFMIX | |
| Allspring Absolute Return Fund | 0.46 | 0.63 | 0.63 | 91 | Global Allocation | RIDGX vs WARAX | |
| Calamos Global Dynamic Income Fund | 0.53 | 0.60 | 0.64 | 71 | Global Allocation | RIDGX vs CHW | |
| Calamos Global Opportunities Fund | 0.58 | 0.65 | 0.75 | 53 | Global Allocation | RIDGX vs CVLOX | |
| Hartford Real Asset Fund | 0.66 | 0.72 | 0.76 | 88 | Global Allocation | RIDGX vs HRLYX |
See all 17 diversifiers for RIDGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RIDGX
Add RIDGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RIDGX