Looking to diversify beyond RYDAX? The mutual funds below have historically moved differently from RYDAX, 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 RYDAX
5 mutual funds have low correlation with RYDAX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.28, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.28 | -0.08 | 0.09 | 53 | Commodities | RYDAX vs RYMEX | |
| Rydex Energy Fund | 0.05 | 0.31 | 0.43 | 77 | Energy Equities | RYDAX vs RYEIX | |
| GQG Partners US Quality Dividend Income Fund | 0.09 | 0.47 | 0.62 | 62 | Quality Factor, Large Cap Value Equities | RYDAX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.16 | 0.46 | 0.61 | 93 | Large Cap Value Equities | RYDAX vs LEXCX | |
| Rydex Energy Services Fund | 0.25 | 0.36 | 0.45 | 73 | Energy Equities | RYDAX vs RYVIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYDAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.28, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.28 | 0.50 | 0.62 | 61 | Financial Services |
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