Looking to diversify beyond RYTPX? The mutual funds below have the lowest correlation with RYTPX — 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 RYTPX.
Best Diversifiers for RYTPX
21 mutual funds have low correlation with RYTPX (below 0.3), 20 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of -0.99, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | -0.99 | -0.99 | -1.00 | 73 | S&P 500 | RYTPX vs FXAIX | |
| Rydex Nova Fund | -0.99 | -1.00 | -0.99 | 61 | Leveraged Equities | RYTPX vs RYNVX | |
| Rydex S&P 500 2x Strategy Fund | -0.99 | -1.00 | -1.00 | 58 | Leveraged Equities | RYTPX vs RYTNX | |
| Rydex S&P 500 Fund | -0.99 | -1.00 | -1.00 | 63 | S&P 500 | RYTPX vs RYSOX | |
| Rydex NASDAQ-100 2x Strategy Fund | -0.93 | -0.93 | -0.93 | 67 | Leveraged Equities | RYTPX vs RYVYX |
See all 21 diversifiers for RYTPX
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