Looking to diversify beyond RYNVX? The mutual funds below have the lowest correlation with RYNVX — 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 RYNVX.
Best Diversifiers for RYNVX
1 mutual funds have low correlation with RYNVX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Energy Services Fund (RYVIX) (Energy Equities) with a 1Y correlation of 0.28, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Energy Services Fund | 0.28 | 0.36 | 0.43 | 67 | Energy Equities | RYNVX vs RYVIX | |
| Rydex Biotechnology Fund | 0.46 | 0.54 | 0.61 | 84 | Health & Biotech Equities | RYNVX vs RYOIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.47 | 0.54 | 0.58 | 79 | Leveraged Equities | RYNVX vs PHPIX | |
| ProFunds UltraLatin America Fund | 0.47 | 0.47 | 0.46 | 58 | Leveraged Equities | RYNVX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.50 | 0.53 | 0.58 | 89 | Leveraged Equities | RYNVX vs BIPIX |
See all 31 diversifiers for RYNVX
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