Looking to diversify beyond RIPIX? The mutual funds below have historically moved differently from RIPIX, 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 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 0.30, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund | 0.30 | 0.40 | 0.43 | 85 | Energy Equities | RIPIX vs DLDRX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.31 | 0.56 | 0.64 | 61 | Foreign Large Cap Equities | RIPIX vs GSINX | |
| Royce Small-Cap Value Fund | 0.36 | 0.47 | 0.55 | 83 | Small Cap Value Equities | RIPIX vs RYVFX | |
| Royce Special Equity Fund | 0.39 | 0.48 | 0.54 | 94 | Small Cap Value Equities | RIPIX vs RYSEX | |
| PGIM Global Real Estate Fund | 0.39 | 0.54 | 0.61 | 62 | REIT | RIPIX vs PURZX |
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