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Rydex S&P 500 2x Strategy Fund (RYTNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 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 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 RYTNX? The mutual funds below have the lowest correlation with RYTNX — 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 RYTNX.

Best Diversifiers for RYTNX

2 mutual funds have low correlation with RYTNX (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CBYYX
Victory Pioneer Cat Bond Fund Class Y0.04——
100
Nontraditional BondsRYTNX vs CBYYX
RYVIX
Rydex Energy Services Fund0.280.360.43
63
Energy EquitiesRYTNX vs RYVIX
AVALX
Aegis Value Fund0.390.410.48
87
Small Cap Value EquitiesRYTNX vs AVALX
RYOIX
Rydex Biotechnology Fund0.470.540.61
79
Health & Biotech EquitiesRYTNX vs RYOIX
PHPIX
ProFunds Pharmaceuticals UltraSector Fund0.470.540.58
73
Leveraged EquitiesRYTNX vs PHPIX
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