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
12 mutual funds have low correlation with RYEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex NASDAQ-100 2x Strategy Fund (RYVYX) (Leveraged Equities) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex NASDAQ-100 2x Strategy Fund | 0.01 | 0.18 | 0.28 | 67 | Leveraged Equities | RYEIX vs RYVYX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 0.01 | 0.18 | 0.29 | 67 | Leveraged Equities | RYEIX vs RMQAX | |
| Vanguard 500 Index Fund Investor Shares | 0.07 | 0.30 | 0.42 | 73 | Large Cap Blend Equities | RYEIX vs VFINX | |
| Schwab S&P 500 Index Fund | 0.07 | 0.29 | 0.42 | 73 | Large Cap Blend Equities, S&P 500 | RYEIX vs SWPPX | |
| Rydex Nova Fund | 0.07 | 0.30 | 0.41 | 61 | Leveraged Equities | RYEIX vs RYNVX |
See all 51 diversifiers for RYEIX
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Diversification Analysis
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