Looking to diversify beyond RWMGX? The mutual funds below have the lowest correlation with RWMGX — 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 RWMGX.
Best Diversifiers for RWMGX
0 mutual funds have low correlation with RWMGX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Low Duration Bond Portfolio (BFMSX) (Short-Term Bond) with a 1Y correlation of 0.32, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Low Duration Bond Portfolio | 0.32 | 0.18 | 0.17 | 81 | Short-Term Bond | RWMGX vs BFMSX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.15 | 0.12 | 95 | Large Cap Blend Equities | RWMGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.35 | 0.41 | 69 | Large Cap Blend Equities | RWMGX vs ORDNX | |
| Edgar Lomax Value Fund | 0.58 | 0.69 | 0.79 | 88 | Large Cap Value Equities | RWMGX vs LOMAX | |
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.65 | 0.69 | 92 | Semiconductors, Technology Equities | RWMGX vs FSELX |
See all 68 diversifiers for RWMGX
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