Looking to diversify beyond RYRRX? The mutual funds below have historically moved differently from RYRRX, 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 RYRRX
1 mutual funds have low correlation with RYRRX (below 0.3), 0 of which are negatively correlated. The least correlated is Rydex Energy Fund (RYEIX) (Energy Equities) with a 1Y correlation of 0.16, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Energy Fund | 0.16 | 0.42 | 0.51 | 79 | Energy Equities | RYRRX vs RYEIX | |
| Rydex Energy Services Fund | 0.38 | 0.50 | 0.56 | 80 | Energy Equities | RYRRX vs RYVIX | |
| Rydex Health Care Fund | 0.49 | 0.62 | 0.67 | 58 | Health & Biotech Equities | RYRRX vs RYHIX | |
| Rydex Biotechnology Fund | 0.52 | 0.67 | 0.71 | 90 | Health & Biotech Equities | RYRRX vs RYOIX | |
| Rydex S&P 500 Pure Value Fund | 0.54 | 0.71 | 0.77 | 92 | Large Cap Value Equities | RYRRX vs RYVVX |
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