Looking to diversify beyond RNWGX? The mutual funds below have historically moved differently from RNWGX, 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 RNWGX
6 mutual funds have low correlation with RNWGX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of 0.07, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.07 | 0.20 | 0.25 | 69 | Commodities | RNWGX vs PCRIX | |
| JHancock Real Estate Securities Fund | 0.09 | 0.31 | 0.45 | 72 | REIT | RNWGX vs JIREX | |
| Vanguard Short-Term Federal Fund Admiral Shares | 0.20 | 0.10 | 0.10 | 74 | Total Bond Market | RNWGX vs VSGDX | |
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.20 | 0.11 | 0.11 | 56 | Total Bond Market | RNWGX vs VBITX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.23 | 0.58 | 0.70 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | RNWGX vs GSIYX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements RNWGX
Add RNWGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RNWGX