Looking to diversify beyond RYCLX? The mutual funds below have historically moved differently from RYCLX, 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 RYCLX
5 mutual funds have low correlation with RYCLX (below 0.3), 5 of which are negatively correlated. The least correlated is Rydex Russell 2000 Fund (RYRRX) (Small Cap Blend Equities) with a 1Y correlation of -0.89, roughly unchanged from -0.95 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Russell 2000 Fund | -0.89 | -0.93 | -0.95 | 72 | Small Cap Blend Equities | RYCLX vs RYRRX | |
| Rydex Dow Jones Industrial Average Fund | -0.77 | -0.80 | -0.84 | 52 | Large Cap Value Equities | RYCLX vs RYDAX | |
| Rydex Technology Fund | -0.65 | -0.68 | -0.74 | 52 | Technology Equities | RYCLX vs RYTIX | |
| Rydex Electronics Fund | -0.62 | -0.63 | -0.69 | 84 | Technology Equities | RYCLX vs RYSIX | |
| Comstock Capital Value Fund | -0.55 | -0.67 | -0.65 | 94 | Inverse Equities | RYCLX vs DRCVX |
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