Looking to diversify beyond RNGCX? The mutual funds below have historically moved differently from RNGCX, 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 RNGCX
3 mutual funds have low correlation with RNGCX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.11, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.11 | 0.31 | 0.44 | 70 | Quality Factor, Global Equities | RNGCX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.03 | 0.22 | 0.40 | 79 | Infrastructure Equities, Global Equities | RNGCX vs CSUAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.18 | 0.44 | 0.58 | 53 | Global Equities, Low Volatility | RNGCX vs SVTAX | |
| Vanguard Global Minimum Volatility Fund Investor S... | 0.31 | 0.49 | 0.61 | 80 | Global Equities, Low Volatility | RNGCX vs VMVFX | |
| Wasatch Global Value Fund Investor Class Shares | 0.31 | 0.36 | 0.50 | 97 | Global Equities | RNGCX vs FMIEX |
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