Looking to diversify beyond RYEIX? The mutual funds below have the lowest correlation with RYEIX — 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 RYEIX.
Best Diversifiers for RYEIX
15 mutual funds have low correlation with RYEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard 500 Index Fund Investor Shares (VFINX) (Large Cap Blend Equities) with a 1Y correlation of 0.05, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard 500 Index Fund Investor Shares | 0.05 | 0.28 | 0.41 | 64 | Large Cap Blend Equities | RYEIX vs VFINX | |
| Schwab S&P 500 Index Fund | 0.05 | 0.28 | 0.41 | 65 | Large Cap Blend Equities, S&P 500 | RYEIX vs SWPPX | |
| Rydex Technology Fund | 0.08 | 0.23 | 0.33 | 67 | Technology Equities | RYEIX vs RYTIX | |
| Hennessy Japan Fund | 0.09 | 0.22 | 0.29 | 55 | Japan Equities, Asia Pacific Equities | RYEIX vs HJPNX | |
| Rydex Electronics Fund | 0.12 | 0.25 | 0.34 | 93 | Technology Equities | RYEIX vs RYSIX |
See all 56 diversifiers for RYEIX
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