Looking to diversify beyond RYTIX? The mutual funds below have historically moved differently from RYTIX, 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 RYTIX
6 mutual funds have low correlation with RYTIX (below 0.3), 1 of which are negatively correlated. The least correlated is Rydex Commodities Strategy Fund (RYMEX) (Commodities) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Commodities Strategy Fund | -0.14 | 0.01 | 0.09 | 53 | Commodities | RYTIX vs RYMEX | |
| Rydex Energy Fund | 0.09 | 0.22 | 0.32 | 77 | Energy Equities | RYTIX vs RYEIX | |
| Rydex S&P 500 Pure Value Fund | 0.17 | 0.34 | 0.48 | 89 | Large Cap Value Equities | RYTIX vs RYVVX | |
| Rydex Health Care Fund | 0.20 | 0.36 | 0.53 | 58 | Health & Biotech Equities | RYTIX vs RYHIX | |
| Rydex Energy Services Fund | 0.27 | 0.30 | 0.35 | 73 | Energy Equities | RYTIX vs RYVIX |
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