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
1 mutual funds have low correlation with RYDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Energy Services Fund (RYVIX) (Energy Equities) with a 1Y correlation of 0.26, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Energy Services Fund | 0.26 | 0.37 | 0.46 | 63 | Energy Equities | RYDAX vs RYVIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.50 | 0.64 | 78 | Large Cap Value Equities | RYDAX vs SVAIX | |
| Rydex Electronics Fund | 0.49 | 0.52 | 0.60 | 96 | Technology Equities | RYDAX vs RYSIX | |
| Rydex Biotechnology Fund | 0.51 | 0.58 | 0.61 | 79 | Health & Biotech Equities | RYDAX vs RYOIX | |
| Hennessy Cornerstone Value Fund | 0.55 | 0.67 | 0.75 | 81 | Large Cap Value Equities | RYDAX vs HFCVX |
See all 48 diversifiers for RYDAX
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