Looking to diversify beyond RYMDX? The mutual funds below have the lowest correlation with RYMDX — 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 RYMDX.
Best Diversifiers for RYMDX
0 mutual funds have low correlation with RYMDX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.45, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.45 | 0.49 | 0.60 | 88 | Leveraged Equities, Semiconductors, Technology Equities | RYMDX vs SMPIX | |
| ProFunds UltraLatin America Fund | 0.47 | 0.51 | 0.51 | 52 | Leveraged Equities | RYMDX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.51 | 0.59 | 0.60 | 85 | Leveraged Equities | RYMDX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.52 | 0.62 | 0.61 | 73 | Leveraged Equities | RYMDX vs PHPIX | |
| ProFunds UltraJapan Fund | 0.55 | 0.57 | 0.62 | 95 | Leveraged Equities | RYMDX vs UJPIX |
See all 24 diversifiers for RYMDX
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