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Rydex S&P 500 Fund (RYSOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The investment seeks to provide investment results that match, before fees and expenses, the performance of the S&P 500 Index on a daily basis. 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 and derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The fund is non-diversified.

Looking to diversify beyond RYSOX? The mutual funds below have historically moved differently from RYSOX, 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 RYSOX

0 mutual funds have low correlation with RYSOX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Equally-Weighted S&P 500 Fund (VADDX) (S&P 500) with a 1Y correlation of 0.70, down from 0.87 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VADDX
Invesco Equally-Weighted S&P 500 Fund0.700.790.87
69
S&P 500RYSOX vs VADDX
RYSIX
Rydex Electronics Fund0.760.780.81
84
Technology EquitiesRYSOX vs RYSIX
RYRRX
Rydex Russell 2000 Fund0.800.780.82
72
Small Cap Blend EquitiesRYSOX vs RYRRX
RYDAX
Rydex Dow Jones Industrial Average Fund0.810.820.87
52
Large Cap Value EquitiesRYSOX vs RYDAX
RYTIX
Rydex Technology Fund0.860.880.90
52
Technology EquitiesRYSOX vs RYTIX
See all 34 diversifiers for RYSOX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for RYSOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is General Motors Company (GM) (Consumer Cyclical) with a 1Y correlation of 0.47, roughly unchanged from 0.56 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GM
General Motors Company0.480.470.56
92
Consumer Cyclical

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