Looking to diversify beyond RPFGX? The mutual funds below have the lowest correlation with RPFGX — 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 RPFGX.
Best Diversifiers for RPFGX
2 mutual funds have low correlation with RPFGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.07 | 91 | Long-Short | RPFGX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.28 | 0.18 | 0.11 | 67 | Systematic Trend | RPFGX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.48 | 0.45 | 0.53 | 76 | Large Cap Growth Equities | RPFGX vs NASDX | |
| Fidelity Asset Manager 70% Fund | 0.61 | 0.65 | 0.70 | 76 | Diversified Portfolio | RPFGX vs FASGX | |
| Fidelity Freedom 2035 Fund | 0.62 | 0.65 | 0.72 | 70 | Target Retirement Date | RPFGX vs FFTHX |
See all 13 diversifiers for RPFGX
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Diversification Analysis
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