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Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide investment results that correspond, before fees and expenses, to 120% of the daily price movement of the Long Treasury Bond for U.S. government securities on a daily basis. The fund employs as its investment strategy a program of investing in U.S. government securities and derivative instruments, which primarily consist of futures contracts, interest rate swaps, and options on securities and futures contracts. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities issued by the U.S. government (and derivatives thereof).

Looking to diversify beyond RYGBX? The mutual funds below have the lowest correlation with RYGBX — 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 RYGBX.

Best Diversifiers for RYGBX

19 mutual funds have low correlation with RYGBX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Energy Services Fund (RYVIX) (Energy Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RYVIX
Rydex Energy Services Fund-0.10-0.03-0.14
67
Energy EquitiesRYGBX vs RYVIX
RYSIX
Rydex Electronics Fund0.080.070.02
97
Technology EquitiesRYGBX vs RYSIX
RYMIX
Rydex Telecommunications Fund0.090.130.07
90
Communications EquitiesRYGBX vs RYMIX
TEPIX
ProFunds Technology UltraSector Fund0.120.080.04
73
Leveraged EquitiesRYGBX vs TEPIX
RYTIX
Rydex Technology Fund0.160.090.04
75
Technology EquitiesRYGBX vs RYTIX
See all 19 diversifiers for RYGBX

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