Looking to diversify beyond RYDAX? The mutual funds below have the lowest correlation with RYDAX — 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 RYDAX.
Best Diversifiers for RYDAX
3 mutual funds have low correlation with RYDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Energy Fund (RYEIX) (Energy Equities) with a 1Y correlation of 0.07, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Energy Fund | 0.07 | 0.32 | 0.44 | 53 | Energy Equities | RYDAX vs RYEIX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.48 | 0.62 | 68 | Large Cap Value Equities | RYDAX vs LEXCX | |
| Rydex Energy Services Fund | 0.26 | 0.37 | 0.45 | 68 | Energy Equities | RYDAX vs RYVIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.36 | 0.49 | 0.63 | 86 | Large Cap Value Equities | RYDAX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.42 | 0.59 | 0.72 | 86 | Large Cap Value Equities | RYDAX vs YAFFX |
See all 50 diversifiers for RYDAX
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