Looking to diversify beyond RYCIX? The mutual funds below have historically moved differently from RYCIX, 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 RYCIX
5 mutual funds have low correlation with RYCIX (below 0.3), 2 of which are negatively correlated. The least correlated is Rydex Technology Fund (RYTIX) (Technology Equities) with a 1Y correlation of -0.23, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Technology Fund | -0.23 | -0.01 | 0.19 | 52 | Technology Equities | RYCIX vs RYTIX | |
| Rydex Electronics Fund | -0.22 | -0.04 | 0.14 | 84 | Technology Equities | RYCIX vs RYSIX | |
| Schwab S&P 500 Index Fund | 0.02 | 0.24 | 0.42 | 63 | Large Cap Blend Equities, S&P 500 | RYCIX vs SWPPX | |
| Rydex Russell 2000 Fund | 0.10 | 0.29 | 0.42 | 72 | Small Cap Blend Equities | RYCIX vs RYRRX | |
| Rydex Dow Jones Industrial Average Fund | 0.25 | 0.44 | 0.58 | 52 | Large Cap Value Equities | RYCIX vs RYDAX |
Diversification Analysis
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