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

Mutual Fund · Currency in USD · Last updated Jul 17, 2026

The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in 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 opposite to the securities of companies included in the underlying index. The fund is non-diversified.

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

16 mutual funds have low correlation with RYTPX (below 0.3), 16 of which are negatively correlated. The least correlated is Rydex S&P 500 Fund (RYSOX) (S&P 500) with a 1Y correlation of -0.99, roughly unchanged from -1.00 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RYSOX
Rydex S&P 500 Fund-0.99-1.00-1.00
53
S&P 500RYTPX vs RYSOX
FXAIX
Fidelity 500 Index Fund-0.99-0.99-1.00
69
S&P 500RYTPX vs FXAIX
RYTIX
Rydex Technology Fund-0.86-0.88-0.90
58
Technology EquitiesRYTPX vs RYTIX
RYRUX
Rydex Russell 2000 2x Strategy Fund-0.78-0.78-0.82
60
Leveraged EquitiesRYTPX vs RYRUX
RYMKX
Rydex Russell 2000 1.5x Strategy Fund-0.78-0.78-0.82
61
Leveraged EquitiesRYTPX vs RYMKX
See all 16 diversifiers for RYTPX

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