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Rydex Russell 2000 2x Strategy Fund (RYRUX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index, ETFs and derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. The fund is non-diversified.

Looking to diversify beyond RYRUX? The mutual funds below have the lowest correlation with RYRUX — 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 RYRUX.

Best Diversifiers for RYRUX

1 mutual funds have low correlation with RYRUX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENPIX
ProFunds UltraSector Oil & Gas Fund0.060.310.42
51
Leveraged EquitiesRYRUX vs ENPIX
AVALX
Aegis Value Fund0.460.530.57
94
Small Cap Value EquitiesRYRUX vs AVALX
SMPIX
ProFunds Semiconductor UltraSector Fund0.500.490.61
92
Leveraged EquitiesRYRUX vs SMPIX
UBPIX
ProFunds UltraLatin America Fund0.510.520.52
70
Leveraged EquitiesRYRUX vs UBPIX
ADX
Adams Diversified Equity Fund, Inc.0.570.650.74
73
Large Cap Growth EquitiesRYRUX vs ADX
See all 25 diversifiers for RYRUX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from RYRUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYRUX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.42, roughly unchanged from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UTG
Reaves Utility Income Trust0.420.430.48
78
Financial Services

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