Looking to diversify beyond RYWCX? The mutual funds below have historically moved differently from RYWCX, 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 RYWCX
0 mutual funds have low correlation with RYWCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.33, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.33 | 0.61 | 0.77 | 71 | Small Cap Growth Equities | RYWCX vs QISGX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.36 | 0.61 | 0.77 | 68 | Small Cap Growth Equities | RYWCX vs QASGX | |
| Rydex Electronics Fund | 0.63 | 0.62 | 0.70 | 84 | Technology Equities | RYWCX vs RYSIX | |
| Rydex Technology Fund | 0.65 | 0.66 | 0.74 | 52 | Technology Equities | RYWCX vs RYTIX | |
| Rydex Dow Jones Industrial Average Fund | 0.74 | 0.76 | 0.78 | 52 | Large Cap Value Equities | RYWCX vs RYDAX |
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