Looking to diversify beyond RYNVX? The mutual funds below have historically moved differently from RYNVX, 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 RYNVX
4 mutual funds have low correlation with RYNVX (below 0.3), 2 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.21 | -0.03 | 0.11 | 53 | Commodities | RYNVX vs RYMEX | |
| ProFunds UltraSector Oil & Gas Fund | -0.14 | 0.13 | 0.28 | 63 | Leveraged Equities | RYNVX vs ENPIX | |
| Rydex Energy Fund | 0.03 | 0.27 | 0.39 | 77 | Energy Equities | RYNVX vs RYEIX | |
| Rydex Energy Services Fund | 0.28 | 0.35 | 0.42 | 73 | Energy Equities | RYNVX vs RYVIX | |
| Rydex S&P 500 Pure Value Fund | 0.36 | 0.53 | 0.66 | 89 | Large Cap Value Equities | RYNVX vs RYVVX |
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