Looking to diversify beyond RMQHX? The mutual funds below have historically moved differently from RMQHX, 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 RMQHX
7 mutual funds have low correlation with RMQHX (below 0.3), 1 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 | 62 | Leveraged Equities | RMQHX vs ENPIX | |
| ProFunds UltraSector Health Care Fund | 0.02 | 0.23 | 0.42 | 52 | Leveraged Equities | RMQHX vs HCPIX | |
| Guggenheim Municipal Income Fund | 0.16 | 0.10 | 0.15 | 87 | Municipal Bonds | RMQHX vs GIJAX | |
| Guggenheim Ultra Short Duration Fund | 0.17 | 0.08 | 0.11 | 99 | Ultrashort Bond | RMQHX vs GIYIX | |
| Guggenheim Alpha Opportunity Fund | 0.21 | 0.17 | 0.23 | 82 | Long-Short | RMQHX vs SAOAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RMQHX, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.44, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.44 | 0.34 | 0.40 | 55 | Financial Services |
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