Looking to diversify beyond RYMTX? The mutual funds below have historically moved differently from RYMTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.01, up from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | -0.01 | -0.12 | -0.20 | 99 | Ultrashort Bond | RYMTX vs GIYIX | |
| Guggenheim Limited Duration Fund | 0.00 | -0.08 | -0.24 | 94 | Short-Term Bond | RYMTX vs GILHX | |
| Guggenheim Municipal Income Fund | 0.01 | -0.05 | -0.11 | 90 | Municipal Bonds | RYMTX vs GIJAX | |
| Guggenheim Floating Rate Strategies Fund | 0.10 | 0.13 | 0.06 | 81 | Bank Loan | RYMTX vs GIFIX | |
| Guggenheim Macro Opportunities Fund | 0.14 | 0.06 | -0.10 | 79 | Nontraditional Bonds | RYMTX vs GIOIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYMTX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.14 | 0.13 | 0.09 | 89 | Financial Services | |
| Sprott Physical Gold Trust | 0.42 | 0.28 | 0.08 | 64 | Financial Services |
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