Looking to diversify beyond RMAGX? The mutual funds below have the lowest correlation with RMAGX — 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 RMAGX.
Best Diversifiers for RMAGX
2 mutual funds have low correlation with RMAGX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Fundamental Investors Class A (ANCFX) (Large Cap Blend Equities) with a 1Y correlation of 0.25, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Fundamental Investors Class A | 0.25 | 0.18 | 0.15 | 62 | Large Cap Blend Equities, Actively Managed | RMAGX vs ANCFX | |
| DFA Short-Term Government Portfolio | 0.30 | 0.09 | 0.33 | 99 | Government Bonds | RMAGX vs DFFGX | |
| American Funds The Income Fund of America Class A | 0.34 | 0.33 | 0.27 | 55 | Diversified Portfolio, Dividend | RMAGX vs AMECX | |
| GMO U.S. Treasury Fund | 0.34 | 0.17 | 0.12 | 99 | Government Bonds | RMAGX vs GUSTX | |
| American Funds American Balanced Fund Class A | 0.35 | 0.33 | 0.31 | 79 | Diversified Portfolio | RMAGX vs ABALX |
See all 12 diversifiers for RMAGX
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