Looking to diversify beyond RLBGX? The mutual funds below have historically moved differently from RLBGX, 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 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 -0.21, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.02 | 0.14 | 83 | Diversified Portfolio | RLBGX vs SIFAX | |
| Vanguard Energy Index Fund Admiral Shares | -0.10 | 0.17 | 0.32 | 72 | Energy Equities | RLBGX vs VENAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.46 | 66 | Diversified Portfolio | RLBGX vs MHELX | |
| Vanguard Health Care Index Fund Admiral Shares | 0.33 | 0.51 | 0.63 | 69 | Health & Biotech Equities | RLBGX vs VHCIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.52 | 0.61 | 89 | Diversified Portfolio | RLBGX vs FCSRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RLBGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.14, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.14 | 0.31 | 0.32 | 83 | Healthcare |
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