Looking to diversify beyond RYCKX? The mutual funds below have historically moved differently from RYCKX, 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 RYCKX
2 mutual funds have low correlation with RYCKX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.17 | 0.05 | 0.17 | 53 | Commodities | RYCKX vs RYMEX | |
| Rydex Energy Fund | 0.16 | 0.43 | 0.52 | 77 | Energy Equities | RYCKX vs RYEIX | |
| Rydex Energy Services Fund | 0.38 | 0.51 | 0.55 | 73 | Energy Equities | RYCKX vs RYVIX | |
| Rydex S&P 500 Pure Value Fund | 0.40 | 0.60 | 0.68 | 89 | Large Cap Value Equities | RYCKX vs RYVVX | |
| Rydex Health Care Fund | 0.43 | 0.56 | 0.65 | 58 | Health & Biotech Equities | RYCKX vs RYHIX |
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