Looking to diversify beyond RYURX? The mutual funds below have historically moved differently from RYURX, 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 RYURX
17 mutual funds have low correlation with RYURX (below 0.3), 16 of which are negatively correlated. The least correlated is Rydex Technology Fund (RYTIX) (Technology Equities) with a 1Y correlation of -0.87, roughly unchanged from -0.90 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Technology Fund | -0.87 | -0.88 | -0.90 | 52 | Technology Equities | RYURX vs RYTIX | |
| Rydex Dow Jones Industrial Average Fund | -0.81 | -0.82 | -0.87 | 52 | Large Cap Value Equities | RYURX vs RYDAX | |
| Rydex Russell 2000 1.5x Strategy Fund | -0.80 | -0.78 | -0.82 | 66 | Leveraged Equities | RYURX vs RYMKX | |
| Rydex Russell 2000 Fund | -0.80 | -0.78 | -0.82 | 72 | Small Cap Blend Equities | RYURX vs RYRRX | |
| Rydex Russell 2000 2x Strategy Fund | -0.79 | -0.78 | -0.82 | 65 | Leveraged Equities | RYURX vs RYRUX |
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