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
15 mutual funds have low correlation with RYGBX (below 0.3), 2 of which are negatively correlated. The least correlated is Rydex Energy Fund (RYEIX) (Energy Equities) with a 1Y correlation of -0.24, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Energy Fund | -0.24 | -0.06 | -0.13 | 51 | Energy Equities | RYGBX vs RYEIX | |
| Rydex Energy Services Fund | -0.12 | -0.04 | -0.13 | 69 | Energy Equities | RYGBX vs RYVIX | |
| Rydex Electronics Fund | 0.07 | 0.07 | 0.02 | 93 | Technology Equities | RYGBX vs RYSIX | |
| Rydex Telecommunications Fund | 0.09 | 0.13 | 0.07 | 84 | Communications Equities | RYGBX vs RYMIX | |
| ProFunds Technology UltraSector Fund | 0.10 | 0.08 | 0.04 | 57 | Leveraged Equities | RYGBX vs TEPIX |
See all 15 diversifiers for RYGBX
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