Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RYMQX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYMQX
RYMQX charges 1.76% annually. There are 40 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | RYMQX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | RYMQX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | RYMQX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | RYMQX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | RYMQX vs WRPIX |
Best Risk-Adjusted Alternatives to RYMQX
RYMQX has a PortfoliosLab risk / return rank of 89. There are 26 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | RYMQX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | RYMQX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | RYMQX vs FSLTX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | RYMQX vs BXMIX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | RYMQX vs ADAIX |
Top Performing RYMQX Alternatives (YTD)
RYMQX is at 6.00% YTD. There are 25 mutual funds in the Multistrategy category with higher YTD returns, going as high as 22.10%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 22.10% | — | Sep 2017 | RYMQX vs QRPRX | |
| AQR Alternative Risk Premia Fund - Class I | 21.98% | — | Sep 2017 | RYMQX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 21.85% | — | Sep 2017 | RYMQX vs QRPNX | |
| AQR Style Premia Alternative Fund - Class I | 17.69% | — | Oct 2013 | RYMQX vs QSPIX | |
| AQR Style Premia Alternative R6 | 17.68% | — | Sep 2014 | RYMQX vs QSPRX |
Lowest Volatility Alternatives to RYMQX
RYMQX has 4.13% 1-year volatility. There are 22 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | RYMQX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.47% | — | Jan 2009 | RYMQX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.48% | — | Jan 2009 | RYMQX vs ADAIX | |
| Strategic Advisers Alternatives Fund | 2.25% | — | Jul 2022 | RYMQX vs FSLTX | |
| Morningstar Alternatives Fund | 2.29% | — | Nov 2018 | RYMQX vs MSTVX |
Lowest Drawdown Alternatives to RYMQX
RYMQX has a 1-year max drawdown of -2.22%. There are 16 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | RYMQX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | RYMQX vs SRRIX | |
| AQR Diversified Arbitrage Fund Class N | -0.60% | — | Jan 2009 | RYMQX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.60% | — | Jan 2009 | RYMQX vs ADAIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | RYMQX vs FSLTX |
Other Mutual Funds from Guggenheim
The 10 most viewed Guggenheim mutual funds shown here include GOF, RYOCX, GIBIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Multisector Bonds, Diversified Portfolio, Actively Managed | 0 | -8.87% | — | Jul 2007 | RYMQX vs GOF | |
| Rydex NASDAQ-100 Fund Investor Class | Large Cap Growth Equities | 35 | 10.92% | — | Feb 1994 | RYMQX vs RYOCX | |
| Guggenheim Total Return Bond Fund | Intermediate Core-Plus Bond | 27 | -0.49% | — | Nov 2011 | RYMQX vs GIBIX | |
| Guggenheim Limited Duration Fund | Short-Term Bond | 94 | 1.08% | — | Dec 2013 | RYMQX vs GILHX | |
| Guggenheim Macro Opportunities Fund | Nontraditional Bonds | 79 | 0.67% | — | Nov 2011 | RYMQX vs GIOIX | |
| Guggenheim High Yield Fund | High Yield Bonds | 45 | 0.68% | — | Aug 1996 | RYMQX vs SIHAX | |
| Guggenheim Directional Allocation Fund | Large Cap Growth Equities | 57 | 8.52% | — | Jun 2012 | RYMQX vs TVRIX | |
| Guggenheim StylePlus - Large Core Fund | Large Cap Blend Equities | 54 | 10.23% | — | Sep 1962 | RYMQX vs SECEX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | Leveraged Equities | 27 | 16.20% | — | Nov 2014 | RYMQX vs RMQHX | |
| Guggenheim Managed Futures Strategy Fund | Systematic Trend | 56 | 5.49% | — | Mar 2007 | RYMQX vs RYMTX |
Often Compared With RYMQX
Investors most often compare RYMQX with QQQ, QSPNX, SHRIX. These 19 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare RYMQX with Any Fund or Stock
Compare RYMQX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYMQX with funds that move differently
Guggenheim Series Multi-Hedge Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYMQX.
Explore RYMQX Diversifiers