Looking to diversify beyond RYAIX? The mutual funds below have the lowest correlation with RYAIX — 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 RYAIX.
Best Diversifiers for RYAIX
20 mutual funds have low correlation with RYAIX (below 0.3), 19 of which are negatively correlated. The least correlated is Rydex NASDAQ-100 2x Strategy Fund (RYVYX) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex NASDAQ-100 2x Strategy Fund | -1.00 | -0.99 | -0.99 | 68 | Leveraged Equities | RYAIX vs RYVYX | |
| ProFunds NASDAQ-100 Fund | -1.00 | -0.98 | -0.99 | 68 | Large Cap Growth Equities | RYAIX vs OTPIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -1.00 | -0.99 | -1.00 | 67 | Leveraged Equities | RYAIX vs RMQAX | |
| Rydex S&P 500 Fund | -0.94 | -0.93 | -0.94 | 65 | S&P 500 | RYAIX vs RYSOX | |
| Rydex Nova Fund | -0.94 | -0.93 | -0.93 | 62 | Leveraged Equities | RYAIX vs RYNVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYAIX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.64, up from -0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.64 | -0.71 | -0.78 | 82 | Technology |
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