Looking to diversify beyond RPELX? The mutual funds below have historically moved differently from RPELX, 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 RPELX
18 mutual funds have low correlation with RPELX (below 0.3), 4 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | -0.06 | 0.03 | -0.01 | 77 | Large Cap Blend Equities, Dividend | RPELX vs PRDGX | |
| Cliffwater Enhanced Lending Fund | -0.06 | 0.06 | 0.05 | 100 | Nontraditional Bonds | RPELX vs CELFX | |
| T. Rowe Price Equity Index 500 Fund | -0.01 | 0.08 | 0.01 | 62 | Large Cap Blend Equities | RPELX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | -0.00 | 0.08 | 0.01 | 56 | Large Cap Blend Equities | RPELX vs PRCOX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.00 | — | — | 100 | Nontraditional Bonds | RPELX vs CBYYX |
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