Looking to diversify beyond RYCIX? The mutual funds below have the lowest correlation with RYCIX — 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 RYCIX.
Best Diversifiers for RYCIX
4 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 -0.21, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Technology Fund | -0.21 | -0.00 | 0.20 | 66 | Technology Equities | RYCIX vs RYTIX | |
| Rydex Electronics Fund | -0.20 | -0.03 | 0.15 | 93 | Technology Equities | RYCIX vs RYSIX | |
| Schwab S&P 500 Index Fund | 0.04 | 0.24 | 0.43 | 65 | Large Cap Blend Equities, S&P 500 | RYCIX vs SWPPX | |
| Rydex Russell 2000 Fund | 0.14 | 0.30 | 0.42 | 60 | Small Cap Blend Equities | RYCIX vs RYRRX |
Diversification Analysis
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