Looking to diversify beyond RNWGX? The mutual funds below have the lowest correlation with RNWGX — 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 RNWGX.
Best Diversifiers for RNWGX
2 mutual funds have low correlation with RNWGX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Real Estate Securities Fund (JIREX) (REIT) with a 1Y correlation of 0.13, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Real Estate Securities Fund | 0.13 | 0.33 | 0.46 | 57 | REIT | RNWGX vs JIREX | |
| Vanguard Short-Term Federal Fund Admiral Shares | 0.18 | 0.12 | 0.09 | 62 | Total Bond Market | RNWGX vs VSGDX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.31 | 0.34 | 0.46 | 69 | High Yield Bonds | RNWGX vs FIHBX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.43 | 0.53 | 0.64 | 79 | Mid Cap Value Equities | RNWGX vs VMVAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.44 | 0.54 | 0.64 | 86 | Large Cap Value Equities, Dividend | RNWGX vs CDDYX |
See all 71 diversifiers for RNWGX
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