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Rydex S&P 500 Fund (RYSOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

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 the lowest correlation with RYSOX — 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 RYSOX.

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 Rydex Electronics Fund (RYSIX) (Technology Equities) with a 1Y correlation of 0.75, roughly unchanged from 0.81 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RYSIX
Rydex Electronics Fund0.750.780.81
96
Technology EquitiesRYSOX vs RYSIX
RYRRX
Rydex Russell 2000 Fund0.800.780.82
62
Small Cap Blend EquitiesRYSOX vs RYRRX
PUTW
WisdomTree Equity Premium Income Fund0.850.870.84
57
Derivative Income, S&P 500RYSOX vs PUTW
RYTIX
Rydex Technology Fund0.860.880.90
73
Technology EquitiesRYSOX vs RYTIX
RYVYX
Rydex NASDAQ-100 2x Strategy Fund0.940.930.94
61
Leveraged EquitiesRYSOX vs RYVYX
See all 31 diversifiers for RYSOX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from RYSOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RYSOX and solid risk/return profiles. The least correlated is General Motors Company (GM) (Consumer Cyclical) with a 1Y correlation of 0.48, roughly unchanged from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GM
General Motors Company0.480.460.56
89
Consumer Cyclical

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Diversification Analysis

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