Looking to diversify beyond RYOCX? The mutual funds below have the lowest correlation with RYOCX — 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 RYOCX.
Best Diversifiers for RYOCX
3 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 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Ultra Short Duration Fund | 0.13 | 0.09 | 0.10 | 99 | Ultrashort Bond | RYOCX vs GIYIX | |
| Guggenheim Municipal Income Fund | 0.17 | 0.11 | 0.15 | 84 | Municipal Bonds | RYOCX vs GIJAX | |
| Guggenheim Limited Duration Fund | 0.25 | 0.12 | 0.15 | 86 | Short-Term Bond | RYOCX vs GILHX | |
| Guggenheim Floating Rate Strategies Fund | 0.32 | 0.30 | 0.28 | 54 | Bank Loan | RYOCX vs GIFIX | |
| Guggenheim Macro Opportunities Fund | 0.40 | 0.33 | 0.36 | 71 | Nontraditional Bonds | RYOCX vs GIOIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RYOCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYOCX and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.42, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.42 | 0.46 | 0.56 | 93 | Technology |
Build a portfolio that complements RYOCX
Add RYOCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RYOCX