Looking to diversify beyond RIRGX? The mutual funds below have historically moved differently from RIRGX, 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 RIRGX
1 mutual funds have low correlation with RIRGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.15 | 0.45 | 66 | Diversified Portfolio | RIRGX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.42 | 0.39 | 0.43 | 99 | Diversified Portfolio | RIRGX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.53 | 0.58 | 0.57 | 84 | Diversified Portfolio | RIRGX vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.54 | 0.65 | 0.70 | 89 | Diversified Portfolio | RIRGX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.55 | 0.65 | 0.70 | 91 | Diversified Portfolio | RIRGX vs FSRKX |
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