Looking to diversify beyond RYMKX? The mutual funds below have the lowest correlation with RYMKX — 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 RYMKX.
Best Diversifiers for RYMKX
1 mutual funds have low correlation with RYMKX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.06 | 0.31 | 0.41 | 51 | Leveraged Equities | RYMKX vs ENPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.50 | 0.49 | 0.60 | 92 | Leveraged Equities | RYMKX vs SMPIX | |
| ProFunds UltraLatin America Fund | 0.51 | 0.51 | 0.52 | 70 | Leveraged Equities | RYMKX vs UBPIX | |
| ProFunds UltraJapan Fund | 0.60 | 0.57 | 0.62 | 93 | Leveraged Equities | RYMKX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | 0.61 | 0.61 | 0.64 | 64 | Leveraged Equities | RYMKX vs RYJSX |
See all 20 diversifiers for RYMKX
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