Looking to diversify beyond RMQAX? The mutual funds below have the lowest correlation with RMQAX — 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 RMQAX.
Best Diversifiers for RMQAX
6 mutual funds have low correlation with RMQAX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.21, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.21 | -0.01 | 0.08 | 62 | Commodities | RMQAX vs RYMEX | |
| Rydex Energy Fund | 0.02 | 0.18 | 0.29 | 80 | Energy Equities | RMQAX vs RYEIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.06 | — | — | 100 | Nontraditional Bonds | RMQAX vs CBYYX | |
| Rydex Energy Services Fund | 0.20 | 0.27 | 0.31 | 89 | Energy Equities | RMQAX vs RYVIX | |
| Rydex S&P 500 Pure Value Fund | 0.25 | 0.36 | 0.49 | 54 | Large Cap Value Equities | RMQAX vs RYVVX |
See all 38 diversifiers for RMQAX
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