Looking to diversify beyond RYKIX? The mutual funds below have the lowest correlation with RYKIX — 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 RYKIX.
Best Diversifiers for RYKIX
0 mutual funds have low correlation with RYKIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Electronics Fund (RYSIX) (Technology Equities) with a 1Y correlation of 0.38, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | 0.38 | 0.40 | 0.49 | 96 | Technology Equities | RYKIX vs RYSIX | |
| Rydex Technology Fund | 0.38 | 0.44 | 0.53 | 73 | Technology Equities | RYKIX vs RYTIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 0.42 | 0.43 | 0.52 | 61 | Leveraged Equities | RYKIX vs RMQAX | |
| Rydex NASDAQ-100 2x Strategy Fund | 0.45 | 0.43 | 0.52 | 61 | Leveraged Equities | RYKIX vs RYVYX | |
| Rydex Nova Fund | 0.62 | 0.60 | 0.67 | 52 | Leveraged Equities | RYKIX vs RYNVX |
See all 9 diversifiers for RYKIX
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