Looking to diversify beyond RYPMX? The mutual funds below have the lowest correlation with RYPMX — 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 RYPMX.
Best Diversifiers for RYPMX
6 mutual funds have low correlation with RYPMX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.02 | 0.15 | 0.24 | 59 | Commodities | RYPMX vs RYMEX | |
| Rydex Energy Fund | 0.09 | 0.25 | 0.33 | 81 | Energy Equities | RYPMX vs RYEIX | |
| Rydex S&P 500 Pure Value Fund | 0.16 | 0.24 | 0.30 | 57 | Large Cap Value Equities | RYPMX vs RYVVX | |
| Rydex Energy Services Fund | 0.16 | 0.28 | 0.33 | 90 | Energy Equities | RYPMX vs RYVIX | |
| Rydex S&P SmallCap 600 Pure Value Fund | 0.22 | 0.28 | 0.32 | 51 | Small Cap Value Equities | RYPMX vs RYYCX |
See all 20 diversifiers for RYPMX
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