Looking to diversify beyond RPMGX? The mutual funds below have historically moved differently from RPMGX, 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 RPMGX
0 mutual funds have low correlation with RPMGX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Spectrum Income Fund (RPSIX) (Multisector Bonds) with a 1Y correlation of 0.41, roughly unchanged from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Spectrum Income Fund | 0.41 | 0.40 | 0.47 | 78 | Multisector Bonds | RPMGX vs RPSIX | |
| T.Rowe Price International Value Equity Fund | 0.63 | 0.66 | 0.70 | 83 | Foreign Large Cap Equities | RPMGX vs TRIGX | |
| T. Rowe Price Global Stock Fund | 0.65 | 0.75 | 0.83 | 51 | Global Equities | RPMGX vs PRGSX | |
| Harbor International Fund | 0.65 | 0.66 | 0.71 | 51 | Foreign Large Cap Equities | RPMGX vs HAINX | |
| Needham Growth Fund Institutional Class | 0.66 | 0.73 | 0.80 | 53 | Mid Cap Growth Equities | RPMGX vs NEEIX |
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