Looking to diversify beyond RYKIX? The mutual funds below have historically moved differently from RYKIX, 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 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 0.32, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | 0.32 | 0.39 | 0.48 | 84 | Technology Equities | RYKIX vs RYSIX | |
| Rydex Technology Fund | 0.36 | 0.43 | 0.53 | 52 | Technology Equities | RYKIX vs RYTIX | |
| Rydex Russell 2000 Fund | 0.68 | 0.76 | 0.79 | 72 | Small Cap Blend Equities | RYKIX vs RYRRX | |
| Rydex Dow Jones Industrial Average Fund | 0.73 | 0.71 | 0.75 | 52 | Large Cap Value Equities | RYKIX vs RYDAX | |
| Gabelli Global Financial Services Fund | 0.79 | 0.83 | 0.86 | 88 | Financials Equities | RYKIX vs GFSIX |
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