Looking to diversify beyond RMQHX? The mutual funds below have the lowest correlation with RMQHX — 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 RMQHX.
Best Diversifiers for RMQHX
2 mutual funds have low correlation with RMQHX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Municipal Income Fund (GIJAX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Municipal Income Fund | 0.17 | 0.11 | 0.15 | 84 | Municipal Bonds | RMQHX vs GIJAX | |
| Guggenheim Limited Duration Fund | 0.23 | 0.12 | 0.15 | 88 | Short-Term Bond | RMQHX vs GILHX | |
| Aegis Value Fund | 0.34 | 0.34 | 0.39 | 87 | Small Cap Value Equities | RMQHX vs AVALX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.38 | 0.42 | 0.46 | 73 | Leveraged Equities | RMQHX vs PHPIX | |
| Guggenheim Macro Opportunities Fund | 0.40 | 0.33 | 0.36 | 75 | Nontraditional Bonds | RMQHX vs GIOIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RMQHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RMQHX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.39, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.39 | 0.32 | 0.39 | 81 | Financial Services |
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