Looking to diversify beyond RYMTX? The mutual funds below have the lowest correlation with RYMTX — 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 RYMTX.
Best Diversifiers for RYMTX
5 mutual funds have low correlation with RYMTX (below 0.3), 1 of which are negatively correlated. The least correlated is Guggenheim Ultra Short Duration Fund (GIYIX) (Ultrashort Bond) with a 1Y correlation of -0.03, up from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | -0.03 | -0.12 | -0.20 | 99 | Ultrashort Bond | RYMTX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.01 | -0.05 | -0.11 | 84 | Municipal Bonds | RYMTX vs GIJAX | |
| Guggenheim Limited Duration Fund | 0.05 | -0.07 | -0.24 | 88 | Short-Term Bond | RYMTX vs GILHX | |
| Guggenheim Floating Rate Strategies Fund | 0.11 | 0.13 | 0.06 | 55 | Bank Loan | RYMTX vs GIFIX | |
| Guggenheim Macro Opportunities Fund | 0.18 | 0.07 | -0.09 | 75 | Nontraditional Bonds | RYMTX vs GIOIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYMTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYMTX and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.18 | 0.13 | 0.10 | 88 | Financial Services | |
| Sprott Physical Gold Trust | 0.39 | 0.27 | 0.07 | 63 | Financial Services |
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