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
3 mutual funds have low correlation with RYNVX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.23 | -0.00 | 0.13 | 62 | Commodities | RYNVX vs RYMEX | |
| Rydex Energy Fund | 0.07 | 0.30 | 0.41 | 80 | Energy Equities | RYNVX vs RYEIX | |
| Rydex Energy Services Fund | 0.28 | 0.37 | 0.43 | 89 | Energy Equities | RYNVX vs RYVIX | |
| Rydex S&P 500 Pure Value Fund | 0.43 | 0.56 | 0.67 | 54 | Large Cap Value Equities | RYNVX vs RYVVX | |
| ProFunds UltraLatin America Fund | 0.48 | 0.48 | 0.46 | 68 | Leveraged Equities | RYNVX vs UBPIX |
See all 33 diversifiers for RYNVX
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