Looking to diversify beyond RYEIX? The mutual funds below have historically moved differently from RYEIX, 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 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 0.03, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard 500 Index Fund Investor Shares | 0.03 | 0.27 | 0.40 | 62 | Large Cap Blend Equities | RYEIX vs VFINX | |
| Schwab S&P 500 Index Fund | 0.04 | 0.27 | 0.40 | 63 | Large Cap Blend Equities, S&P 500 | RYEIX vs SWPPX | |
| Rydex Dow Jones Industrial Average Fund | 0.05 | 0.31 | 0.43 | 52 | Large Cap Value Equities | RYEIX vs RYDAX | |
| Hennessy Japan Fund | 0.08 | 0.21 | 0.28 | 63 | Japan Equities, Asia Pacific Equities | RYEIX vs HJPNX | |
| Rydex Technology Fund | 0.09 | 0.22 | 0.32 | 52 | Technology Equities | RYEIX vs RYTIX |
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