Looking to diversify beyond RNPGX? The mutual funds below have the lowest correlation with RNPGX — 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 RNPGX.
Best Diversifiers for RNPGX
2 mutual funds have low correlation with RNPGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Commodity Strategies Portfolio (BICSX) (Commodities) with a 1Y correlation of 0.18, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Commodity Strategies Portfolio | 0.18 | 0.34 | 0.42 | 52 | Commodities | RNPGX vs BICSX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.28 | 0.38 | 0.52 | 52 | Global Equities | RNPGX vs CSUAX | |
| BlackRock Low Duration Bond Portfolio | 0.39 | 0.21 | 0.20 | 68 | Short-Term Bond | RNPGX vs BFMSX | |
| BNY Mellon Natural Resources Fund | 0.41 | 0.51 | 0.53 | 62 | Energy Equities | RNPGX vs DLDRX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.49 | 0.60 | 0.69 | 80 | Global Equities | RNPGX vs RTXAX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RNPGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RNPGX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.34, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.34 | 0.40 | 0.48 | 53 | Financial Services | |
| Micron Technology, Inc. | 0.50 | 0.55 | 0.59 | 99 | Technology | |
| NVIDIA Corporation | 0.53 | 0.59 | 0.67 | 72 | Technology | |
| Amazon.com, Inc | 0.59 | 0.61 | 0.66 | 54 | Consumer Cyclical |
Build a portfolio that complements RNPGX
Add RNPGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RNPGX