Looking to diversify beyond RSRFX? The mutual funds below have historically moved differently from RSRFX, 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 RSRFX
11 mutual funds have low correlation with RSRFX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of 0.07, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.07 | 0.26 | 0.27 | 72 | Energy Equities | RSRFX vs VENAX | |
| Guinness Atkinson Global Energy Fund | 0.08 | 0.24 | 0.25 | 84 | Energy Equities | RSRFX vs GAGEX | |
| Fidelity Select Energy Portfolio | 0.10 | 0.29 | 0.28 | 87 | Energy Equities | RSRFX vs FSENX | |
| Recurrent MLP & Infrastructure Fund | 0.14 | 0.38 | 0.38 | 92 | Infrastructure Equities, Energy Equities | RSRFX vs RMLPX | |
| Invesco SteelPath MLP Alpha Fund | 0.17 | 0.40 | 0.41 | 81 | Energy Equities | RSRFX vs MLPOX |
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