Looking to diversify beyond RYEUX? The mutual funds below have historically moved differently from RYEUX, 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 RYEUX
1 mutual funds have low correlation with RYEUX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.11, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.11 | 0.11 | 0.26 | 63 | Leveraged Equities | RYEUX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.44 | 0.49 | 0.53 | 95 | Leveraged Equities | RYEUX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.44 | 0.46 | 0.49 | 94 | Leveraged Equities | RYEUX vs BIPIX | |
| Rydex Electronics Fund | 0.53 | 0.51 | 0.57 | 84 | Technology Equities | RYEUX vs RYSIX | |
| ProFunds UltraJapan Fund | 0.53 | 0.48 | 0.54 | 88 | Leveraged Equities | RYEUX vs UJPIX |
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