Looking to diversify beyond RYMEX? The mutual funds below have the lowest correlation with RYMEX — 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 RYMEX.
Best Diversifiers for RYMEX
6 mutual funds have low correlation with RYMEX (below 0.3), 6 of which are negatively correlated. The least correlated is Rydex Nova Fund (RYNVX) (Leveraged Equities) with a 1Y correlation of -0.22, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Nova Fund | -0.22 | -0.02 | 0.12 | 52 | Leveraged Equities | RYMEX vs RYNVX | |
| Rydex Russell 2000 Fund | -0.21 | 0.01 | 0.16 | 62 | Small Cap Blend Equities | RYMEX vs RYRRX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -0.19 | -0.01 | 0.08 | 61 | Leveraged Equities | RYMEX vs RMQAX | |
| Rydex NASDAQ-100 2x Strategy Fund | -0.19 | -0.02 | 0.08 | 61 | Leveraged Equities | RYMEX vs RYVYX | |
| Rydex Technology Fund | -0.17 | 0.01 | 0.10 | 73 | Technology Equities | RYMEX vs RYTIX |
See all 17 diversifiers for RYMEX
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Diversification Analysis
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