Looking to diversify beyond RIPIX? The mutual funds below have the lowest correlation with RIPIX — 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 RIPIX.
Best Diversifiers for RIPIX
1 mutual funds have low correlation with RIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund (DLDRX) (Energy Equities) with a 1Y correlation of 0.28, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.28 | 0.42 | 0.44 | 89 | Energy Equities | RIPIX vs DLDRX | |
| Royce Small-Cap Value Fund | 0.39 | 0.49 | 0.56 | 59 | Small Cap Value Equities | RIPIX vs RYVFX | |
| Royce Special Equity Fund | 0.40 | 0.49 | 0.55 | 69 | Small Cap Value Equities | RIPIX vs RYSEX | |
| Timothy Plan Aggressive Growth Fund | 0.44 | 0.52 | 0.60 | 88 | Mid Cap Growth Equities | RIPIX vs TAAGX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.47 | 0.53 | 0.61 | 56 | Mid Cap Growth Equities | RIPIX vs OEGAX |
See all 21 diversifiers for RIPIX
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