Looking to diversify beyond RMQAX? The mutual funds below have historically moved differently from RMQAX, 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 RMQAX
7 mutual funds have low correlation with RMQAX (below 0.3), 2 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.16 | 0.04 | 0.16 | 63 | Leveraged Equities | RMQAX vs ENPIX | |
| Rydex Commodities Strategy Fund | -0.15 | -0.00 | 0.08 | 53 | Commodities | RMQAX vs RYMEX | |
| Rydex Energy Fund | 0.02 | 0.18 | 0.28 | 77 | Energy Equities | RMQAX vs RYEIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | RMQAX vs CBYYX | |
| Rydex S&P 500 Pure Value Fund | 0.18 | 0.33 | 0.48 | 89 | Large Cap Value Equities | RMQAX vs RYVVX |
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