Looking to diversify beyond RPGAX? The mutual funds below have the lowest correlation with RPGAX — 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 RPGAX.
Best Diversifiers for RPGAX
2 mutual funds have low correlation with RPGAX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.08, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.08 | 0.06 | 0.02 | 83 | Nontraditional Bonds | RPGAX vs RPIDX | |
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.08 | -0.04 | 88 | Global Allocation | RPGAX vs LFMIX | |
| T. Rowe Price Floating Rate Fund | 0.33 | 0.32 | 0.33 | 96 | High Yield Bonds | RPGAX vs PRFRX | |
| Wilmington Real Asset Fund | 0.35 | 0.54 | 0.58 | 86 | Global Allocation | RPGAX vs WMRIX | |
| AQR Diversifying Strategies Fund Class N | 0.40 | 0.33 | 0.15 | 93 | Tactical Allocation | RPGAX vs QDSNX |
See all 42 diversifiers for RPGAX
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