Looking to diversify beyond RMGSX? The mutual funds below have the lowest correlation with RMGSX — 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 RMGSX.
Best Diversifiers for RMGSX
1 mutual funds have low correlation with RMGSX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.25, up from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.04 | -0.08 | 86 | Global Allocation | RMGSX vs LFMIX | |
| Russell Investments Tax-Exempt Bond Fund | 0.34 | 0.31 | 0.25 | 80 | Municipal Bonds | RMGSX vs RLVSX | |
| MH Elite Select Portfolio of Funds Fund | 0.44 | 0.44 | 0.65 | 65 | Global Allocation | RMGSX vs MHESX | |
| Hartford Real Asset Fund | 0.46 | 0.59 | 0.66 | 88 | Global Allocation | RMGSX vs HRLYX | |
| Allspring Absolute Return Fund | 0.49 | 0.65 | 0.61 | 92 | Global Allocation | RMGSX vs WARAX |
See all 26 diversifiers for RMGSX
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