Looking to diversify beyond RYOCX? The mutual funds below have historically moved differently from RYOCX, 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 RYOCX
4 mutual funds have low correlation with RYOCX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Ultra Short Duration Fund (GIYIX) (Ultrashort Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.11 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 | 0.16 | 0.08 | 0.11 | 99 | Ultrashort Bond | RYOCX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.18 | 0.10 | 0.15 | 90 | Municipal Bonds | RYOCX vs GIJAX | |
| Guggenheim Alpha Opportunity Fund | 0.21 | 0.17 | 0.22 | 83 | Long-Short | RYOCX vs SAOAX | |
| Guggenheim Limited Duration Fund | 0.23 | 0.12 | 0.15 | 94 | Short-Term Bond | RYOCX vs GILHX | |
| Guggenheim Floating Rate Strategies Fund | 0.31 | 0.30 | 0.28 | 81 | Bank Loan | RYOCX vs GIFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for RYOCX, 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 Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.42, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.42 | 0.46 | 0.55 | 93 | Technology |
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