Looking to diversify beyond RLBGX? The mutual funds below have the lowest correlation with RLBGX — 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 RLBGX.
Best Diversifiers for RLBGX
3 mutual funds have low correlation with RLBGX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.03 | 0.18 | 76 | Diversified Portfolio | RLBGX vs SIFAX | |
| Vanguard Energy Index Fund Admiral Shares | -0.05 | 0.21 | 0.36 | 58 | Energy Equities | RLBGX vs VENAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.18 | 0.49 | 63 | Diversified Portfolio | RLBGX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.62 | 95 | Diversified Portfolio | RLBGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.62 | 96 | Diversified Portfolio | RLBGX vs FIQDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RLBGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RLBGX and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.20, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.20 | 0.32 | 0.34 | 72 | Healthcare |
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