Looking to diversify beyond RMFGX? The mutual funds below have historically moved differently from RMFGX, 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 RMFGX
3 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 0.19, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.19 | 0.51 | 0.66 | 93 | Large Cap Value Equities | RMFGX vs LEXCX | |
| Vanguard Energy Fund Admiral Shares | 0.24 | 0.43 | 0.56 | 91 | Energy Equities | RMFGX vs VGELX | |
| GQG Partners US Quality Dividend Income Fund | 0.25 | 0.57 | 0.70 | 62 | Quality Factor, Large Cap Value Equities | RMFGX vs GQHPX | |
| AQR Long-Short Equity Fund Class N | 0.31 | 0.35 | 0.35 | 75 | Long-Short, Actively Managed | RMFGX vs QLENX | |
| Federated Hermes Equity Income Fund | 0.34 | 0.58 | 0.77 | 72 | Dividend, Large Cap Value Equities | RMFGX vs LEIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RMFGX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.39, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.39 | 0.42 | 0.54 | 89 | Technology |
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