Looking to diversify beyond RMLPX? The mutual funds below have historically moved differently from RMLPX, 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 RMLPX
9 mutual funds have low correlation with RMLPX (below 0.3), 0 of which are negatively correlated. The least correlated is U.S. Global Investors Global Resources Fund (PSPFX) (Energy Equities) with a 1Y correlation of 0.16, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors Global Resources Fund | 0.16 | 0.41 | 0.59 | 53 | Energy Equities | RMLPX vs PSPFX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.24 | 0.36 | 0.46 | 84 | Infrastructure Equities, Utilities Equities | RMLPX vs DPG | |
| Victory Global Energy Transition Fund Class Y | 0.24 | 0.48 | 0.63 | 96 | Energy Equities | RMLPX vs RSNYX | |
| Victory Global Energy Transition Fund | 0.24 | 0.48 | 0.63 | 96 | Energy Equities | RMLPX vs RSNRX | |
| ICON Natural Resources and Infrastructure Fund | 0.27 | 0.51 | 0.64 | 80 | Infrastructure Equities, Energy Equities | RMLPX vs ICBMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RMLPX, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.18, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.18 | 0.05 | 0.16 | 60 | Consumer Cyclical | |
| Broadcom Inc. | -0.15 | 0.06 | 0.16 | 67 | Technology | |
| Micron Technology, Inc. | -0.10 | 0.14 | 0.21 | 99 | Technology | |
| NVIDIA Corporation | -0.08 | 0.10 | 0.19 | 56 | Technology | |
| BrightSpring Health Services, Inc | -0.05 | 0.11 | 0.11 | 98 | Healthcare |
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