Looking to diversify beyond RYGBX? The mutual funds below have historically moved differently from RYGBX, 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 RYGBX
16 mutual funds have low correlation with RYGBX (below 0.3), 3 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.39, down from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.39 | -0.21 | -0.17 | 53 | Commodities | RYGBX vs RYMEX | |
| Rydex Energy Fund | -0.27 | -0.08 | -0.12 | 77 | Energy Equities | RYGBX vs RYEIX | |
| Rydex Energy Services Fund | -0.13 | -0.05 | -0.12 | 73 | Energy Equities | RYGBX vs RYVIX | |
| Rydex Electronics Fund | 0.08 | 0.06 | 0.03 | 84 | Technology Equities | RYGBX vs RYSIX | |
| Rydex Telecommunications Fund | 0.11 | 0.13 | 0.08 | 75 | Communications Equities | RYGBX vs RYMIX |
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