Looking to diversify beyond RIRGX? The mutual funds below have the lowest correlation with RIRGX — 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 RIRGX.
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 0.07, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.46 | 67 | Diversified Portfolio | RIRGX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.45 | 0.41 | 0.44 | 99 | Diversified Portfolio | RIRGX vs STDAX | |
| Standpoint Multi-Asset Fund Institutional | 0.55 | 0.58 | 0.58 | 81 | Diversified Portfolio | RIRGX vs BLNDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.56 | 0.67 | 0.71 | 88 | Diversified Portfolio | RIRGX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.56 | 0.67 | 0.71 | 82 | Diversified Portfolio | RIRGX vs FCSRX |
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