Looking to diversify beyond RYCZX? The mutual funds below have the lowest correlation with RYCZX — 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 RYCZX.
Best Diversifiers for RYCZX
7 mutual funds have low correlation with RYCZX (below 0.3), 7 of which are negatively correlated. The least correlated is Rydex Nova Fund (RYNVX) (Leveraged Equities) with a 1Y correlation of -0.83, roughly unchanged from -0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Nova Fund | -0.83 | -0.82 | -0.87 | 62 | Leveraged Equities | RYCZX vs RYNVX | |
| Rydex S&P 500 2x Strategy Fund | -0.83 | -0.83 | -0.88 | 59 | Leveraged Equities | RYCZX vs RYTNX | |
| Rydex Russell 2000 Fund | -0.80 | -0.78 | -0.80 | 55 | Small Cap Blend Equities | RYCZX vs RYRRX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -0.67 | -0.65 | -0.72 | 67 | Leveraged Equities | RYCZX vs RMQAX | |
| Rydex NASDAQ-100 2x Strategy Fund | -0.66 | -0.65 | -0.72 | 68 | Leveraged Equities | RYCZX vs RYVYX |
See all 7 diversifiers for RYCZX
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