Looking to diversify beyond RMLPX? The mutual funds below have the lowest correlation with RMLPX — 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 RMLPX.
Best Diversifiers for RMLPX
7 mutual funds have low correlation with RMLPX (below 0.3), 0 of which are negatively correlated. The least correlated is Calvert Global Energy Solutions Fund Class A (CGAEX) (Energy Equities) with a 1Y correlation of 0.01, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Global Energy Solutions Fund Class A | 0.01 | 0.29 | 0.42 | 58 | Energy Equities | RMLPX vs CGAEX | |
| Victory Global Energy Transition Fund | 0.26 | 0.49 | 0.64 | 94 | Energy Equities | RMLPX vs RSNRX | |
| Victory Global Energy Transition Fund Class Y | 0.26 | 0.50 | 0.64 | 94 | Energy Equities | RMLPX vs RSNYX | |
| ClearBridge Global Infrastructure Income Fund | 0.27 | 0.35 | 0.45 | 64 | Energy Equities | RMLPX vs RGSVX | |
| abrdn Global Infrastructure Fund | 0.27 | 0.41 | 0.51 | 75 | Energy Equities | RMLPX vs AIFRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RMLPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RMLPX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.16 | 0.06 | 0.17 | 54 | Consumer Cyclical | |
| Broadcom Inc. | -0.12 | 0.08 | 0.19 | 71 | Technology | |
| Micron Technology, Inc. | -0.09 | 0.14 | 0.22 | 99 | Technology | |
| NVIDIA Corporation | -0.09 | 0.11 | 0.21 | 65 | Technology | |
| Seagate Technology plc | -0.04 | 0.13 | 0.26 | 99 | Technology |
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