Looking to diversify beyond RWMGX? The mutual funds below have historically moved differently from RWMGX, 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 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 0.33, up from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Low Duration Bond Portfolio | 0.33 | 0.18 | 0.17 | 62 | Short-Term Bond | RWMGX vs BFMSX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.15 | 0.13 | 97 | Large Cap Blend Equities | RWMGX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.35 | 0.40 | 57 | Preferred Stock | RWMGX vs ORDNX | |
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.64 | 0.68 | 82 | Semiconductors, Technology Equities | RWMGX vs FSELX | |
| Edgar Lomax Value Fund | 0.57 | 0.69 | 0.79 | 96 | Large Cap Value Equities | RWMGX vs LOMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RWMGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arm Holdings plc American Depositary Shares | 0.43 | — | — | 79 | Technology |
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