Looking to diversify beyond RYWCX? The mutual funds below have the lowest correlation with RYWCX — 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 RYWCX.
Best Diversifiers for RYWCX
1 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 0.26, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.26 | 0.61 | 0.77 | 72 | Small Cap Growth Equities | RYWCX vs QISGX | |
| Rydex Electronics Fund | 0.61 | 0.62 | 0.70 | 96 | Technology Equities | RYWCX vs RYSIX | |
| Rydex Technology Fund | 0.63 | 0.66 | 0.74 | 73 | Technology Equities | RYWCX vs RYTIX | |
| Rydex NASDAQ-100 2x Strategy Fund | 0.64 | 0.63 | 0.71 | 61 | Leveraged Equities | RYWCX vs RYVYX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 0.64 | 0.63 | 0.71 | 61 | Leveraged Equities | RYWCX vs RMQAX |
See all 67 diversifiers for RYWCX
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