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
4 mutual funds have low correlation with RYWWX (below 0.3), 4 of which are negatively correlated. The least correlated is Rydex Technology Fund (RYTIX) (Technology Equities) with a 1Y correlation of -0.67, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Technology Fund | -0.67 | -0.66 | -0.69 | 66 | Technology Equities | RYWWX vs RYTIX | |
| Rydex Electronics Fund | -0.66 | -0.66 | -0.68 | 93 | Technology Equities | RYWWX vs RYSIX | |
| Rydex Russell 2000 Fund | -0.58 | -0.58 | -0.63 | 60 | Small Cap Blend Equities | RYWWX vs RYRRX | |
| Comstock Capital Value Fund | -0.34 | -0.42 | -0.43 | 95 | Inverse Equities | RYWWX vs DRCVX |
Diversification Analysis
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