Looking to diversify beyond RYWWX? The mutual funds below have the lowest correlation with RYWWX — 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 RYWWX.
Best Diversifiers for RYWWX
8 mutual funds have low correlation with RYWWX (below 0.3), 8 of which are negatively correlated. The least correlated is Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) (Leveraged Equities) with a 1Y correlation of -0.67, roughly unchanged from -0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -0.67 | -0.64 | -0.66 | 61 | Leveraged Equities | RYWWX vs RMQAX | |
| Rydex NASDAQ-100 2x Strategy Fund | -0.67 | -0.63 | -0.65 | 61 | Leveraged Equities | RYWWX vs RYVYX | |
| Rydex Nova Fund | -0.67 | -0.64 | -0.65 | 52 | Leveraged Equities | RYWWX vs RYNVX | |
| Rydex Electronics Fund | -0.66 | -0.66 | -0.68 | 96 | Technology Equities | RYWWX vs RYSIX | |
| Rydex Technology Fund | -0.66 | -0.65 | -0.69 | 73 | Technology Equities | RYWWX vs RYTIX |
See all 8 diversifiers for RYWWX
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Diversification Analysis
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