Looking to diversify beyond RNPGX? The mutual funds below have historically moved differently from RNPGX, 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 RNPGX
5 mutual funds have low correlation with RNPGX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.16, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.16 | 0.02 | 0.13 | 56 | Commodities | RNPGX vs PCLIX | |
| PIMCO Commodity Real Return Strategy Fund | -0.01 | 0.10 | 0.18 | 53 | Commodities | RNPGX vs PCRIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.03 | 0.44 | 0.56 | 51 | Quality Factor, Global Equities | RNPGX vs GQFPX | |
| BlackRock Commodity Strategies Portfolio | 0.18 | 0.32 | 0.41 | 79 | Commodities | RNPGX vs BICSX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.18 | 0.34 | 0.50 | 54 | Infrastructure Equities, Global Equities | RNPGX vs CSUAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RNPGX, 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 Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.28, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.28 | 0.38 | 0.47 | 62 | Financial Services | |
| NVIDIA Corporation | 0.54 | 0.58 | 0.68 | 63 | Technology | |
| Micron Technology, Inc. | 0.55 | 0.55 | 0.58 | 99 | Technology | |
| Amazon.com, Inc | 0.58 | 0.60 | 0.66 | 68 | Consumer Cyclical |
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