Looking to diversify beyond RMFGX? The mutual funds below have the lowest correlation with RMFGX — 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 RMFGX.
Best Diversifiers for RMFGX
2 mutual funds have low correlation with RMFGX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.27, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.27 | 0.55 | 0.68 | 52 | Large Cap Value Equities | RMFGX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.27 | 0.61 | 0.78 | 53 | Large Cap Value Equities | RMFGX vs LEIFX | |
| Vanguard Energy Fund Admiral Shares | 0.32 | 0.48 | 0.58 | 85 | Energy Equities | RMFGX vs VGELX | |
| AQR Long-Short Equity N | 0.38 | 0.37 | 0.37 | 58 | Long-Short | RMFGX vs QLENX | |
| Fidelity Select Technology Portfolio | 0.47 | 0.50 | 0.56 | 93 | Technology Equities | RMFGX vs FSPTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RMFGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RMFGX and solid risk/return profiles. The least correlated is Northrop Grumman Corporation (NOC) (Industrials) with a 1Y correlation of 0.16, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northrop Grumman Corporation | 0.16 | 0.21 | 0.32 | 52 | Industrials | |
| Apple Inc | 0.41 | 0.39 | 0.49 | 90 | Technology | |
| Block, Inc | 0.42 | 0.48 | 0.50 | 52 | Technology |
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