Looking to diversify beyond RYOIX? The mutual funds below have the lowest correlation with RYOIX — 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 RYOIX.
Best Diversifiers for RYOIX
2 mutual funds have low correlation with RYOIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Electronics Fund (RYSIX) (Technology Equities) with a 1Y correlation of 0.26, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | 0.26 | 0.39 | 0.49 | 93 | Technology Equities | RYOIX vs RYSIX | |
| Rydex Technology Fund | 0.29 | 0.41 | 0.55 | 67 | Technology Equities | RYOIX vs RYTIX | |
| Rydex Russell 2000 Fund | 0.54 | 0.66 | 0.71 | 57 | Small Cap Blend Equities | RYOIX vs RYRRX | |
| abrdn World Healthcare Fund | 0.63 | 0.57 | 0.57 | 85 | Health & Biotech Equities | RYOIX vs THW | |
| Live Oak Health Sciences Fund | 0.73 | 0.70 | 0.71 | 52 | Health & Biotech Equities | RYOIX vs LOGSX |
See all 30 diversifiers for RYOIX
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