Looking to diversify beyond RYOIX? The mutual funds below have historically moved differently from RYOIX, 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 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 0.28, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | 0.28 | 0.39 | 0.49 | 84 | Technology Equities | RYOIX vs RYSIX | |
| Rydex Technology Fund | 0.29 | 0.41 | 0.55 | 52 | Technology Equities | RYOIX vs RYTIX | |
| Fidelity Select Health Care Services Portfolio | 0.38 | 0.37 | 0.47 | 68 | Health & Biotech Equities | RYOIX vs FSHCX | |
| Rydex Dow Jones Industrial Average Fund | 0.50 | 0.58 | 0.61 | 52 | Large Cap Value Equities | RYOIX vs RYDAX | |
| Rydex Russell 2000 Fund | 0.52 | 0.67 | 0.71 | 72 | Small Cap Blend Equities | RYOIX vs RYRRX |
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