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
0 mutual funds have low correlation with RNWGX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.47, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.47 | 0.56 | 0.65 | 79 | Large Cap Value Equities, Dividend | RNWGX vs CDDYX | |
| Vanguard Mid-Cap Value Index Fund Admiral Shares | 0.47 | 0.56 | 0.66 | 64 | Mid Cap Value Equities | RNWGX vs VMVAX | |
| DFA U.S. Targeted Value Portfolio | 0.49 | 0.58 | 0.66 | 59 | Small Cap Value Equities | RNWGX vs DFFVX | |
| Vanguard Value Index Fund Admiral Shares | 0.51 | 0.57 | 0.65 | 87 | Large Cap Value Equities | RNWGX vs VVIAX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.68 | 0.72 | 87 | Emerging Markets Diversified | RNWGX vs ESCIX |
See all 68 diversifiers for RNWGX
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