Looking to diversify beyond RYDVX? The mutual funds below have historically moved differently from RYDVX, 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 RYDVX
0 mutual funds have low correlation with RYDVX (below 0.3), 0 of which are negatively correlated. The least correlated is 13D Activist Fund (DDDIX) (Mid Cap Blend Equities) with a 1Y correlation of 0.55, down from 0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| 13D Activist Fund | 0.55 | 0.72 | 0.80 | 78 | Mid Cap Blend Equities | RYDVX vs DDDIX | |
| Gotham Enhanced Return Fund | 0.57 | 0.69 | 0.76 | 88 | Mid Cap Blend Equities | RYDVX vs GENIX | |
| Hodges Fund | 0.59 | 0.71 | 0.79 | 59 | Mid Cap Blend Equities | RYDVX vs HDPMX | |
| Paradigm Select Fund | 0.61 | 0.73 | 0.80 | 90 | Mid Cap Blend Equities | RYDVX vs PFSLX | |
| Fidelity SAI Small-Mid Cap 500 Index Fund | 0.62 | 0.80 | 0.86 | 68 | Mid Cap Blend Equities | RYDVX vs FZFLX |
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