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Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks investment results that match, before fees and expenses, the performance of the S&P MidCap 400 Pure Growth Index for mid-cap growth securities on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are within the capitalization range of the underlying index and derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The fund is non-diversified.

Looking to diversify beyond RYCKX? The mutual funds below have the lowest correlation with RYCKX — 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 RYCKX.

Best Diversifiers for RYCKX

0 mutual funds have low correlation with RYCKX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Energy Services Fund (RYVIX) (Energy Equities) with a 1Y correlation of 0.38, down from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RYVIX
Rydex Energy Services Fund0.380.530.56
63
Energy EquitiesRYCKX vs RYVIX
RYOIX
Rydex Biotechnology Fund0.550.590.66
79
Health & Biotech EquitiesRYCKX vs RYOIX
RYJSX
Rydex Japan 2x Strategy Fund0.600.620.64
79
Leveraged EquitiesRYCKX vs RYJSX
RYMIX
Rydex Telecommunications Fund0.650.680.73
89
Communications EquitiesRYCKX vs RYMIX
FCGSX
Fidelity Series Growth Company Fund0.680.690.77
90
Large Cap Growth EquitiesRYCKX vs FCGSX
See all 28 diversifiers for RYCKX

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