Looking to diversify beyond RYWWX? The mutual funds below have historically moved differently from RYWWX, 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 RYWWX
5 mutual funds have low correlation with RYWWX (below 0.3), 5 of which are negatively correlated. The least correlated is Rydex Technology Fund (RYTIX) (Technology Equities) with a 1Y correlation of -0.69, roughly unchanged from -0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Technology Fund | -0.69 | -0.66 | -0.69 | 52 | Technology Equities | RYWWX vs RYTIX | |
| Rydex Electronics Fund | -0.68 | -0.66 | -0.68 | 84 | Technology Equities | RYWWX vs RYSIX | |
| Rydex Russell 2000 Fund | -0.61 | -0.58 | -0.63 | 72 | Small Cap Blend Equities | RYWWX vs RYRRX | |
| Rydex Dow Jones Industrial Average Fund | -0.53 | -0.49 | -0.54 | 52 | Large Cap Value Equities | RYWWX vs RYDAX | |
| Comstock Capital Value Fund | -0.36 | -0.42 | -0.43 | 94 | Inverse Equities | RYWWX vs DRCVX |
Diversification Analysis
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