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Rydex Banking Fund (RYKIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations.

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 0.31, down from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RYSIX
Rydex Electronics Fund0.310.390.49
93
Technology EquitiesRYKIX vs RYSIX
RYTIX
Rydex Technology Fund0.350.430.53
66
Technology EquitiesRYKIX vs RYTIX
RYRRX
Rydex Russell 2000 Fund0.690.760.79
60
Small Cap Blend EquitiesRYKIX vs RYRRX
GFSIX
Gabelli Global Financial Services Fund0.790.830.86
67
Financials EquitiesRYKIX vs GFSIX
GAFSX
Gabelli Global Financial Services Fund Class AAA0.810.840.86
65
Financials EquitiesRYKIX vs GAFSX
See all 6 diversifiers for RYKIX

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Diversification Analysis

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