Looking to diversify beyond RSRFX? The mutual funds below have the lowest correlation with RSRFX — 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 RSRFX.
Best Diversifiers for RSRFX
7 mutual funds have low correlation with RSRFX (below 0.3), 0 of which are negatively correlated. The least correlated is Guinness Atkinson Global Energy Fund (GAGEX) (Energy Equities) with a 1Y correlation of 0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guinness Atkinson Global Energy Fund | 0.06 | 0.25 | 0.25 | 57 | Energy Equities | RSRFX vs GAGEX | |
| Fidelity Select Energy Portfolio | 0.09 | 0.29 | 0.28 | 63 | Energy Equities | RSRFX vs FSENX | |
| Recurrent MLP & Infrastructure Fund | 0.15 | 0.39 | 0.37 | 85 | Energy Equities | RSRFX vs RMLPX | |
| Rydex Energy Fund | 0.21 | 0.37 | 0.35 | 53 | Energy Equities | RSRFX vs RYEIX | |
| NXG Cushing® Midstream Energy Fund | 0.22 | 0.30 | 0.31 | 75 | Energy Equities | RSRFX vs SRV |
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