Looking to diversify beyond SECUX? The mutual funds below have the lowest correlation with SECUX — 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 SECUX.
Best Diversifiers for SECUX
4 mutual funds have low correlation with SECUX (below 0.3), 0 of which are negatively correlated. The least correlated is Guggenheim Municipal Income Fund (GIJAX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Municipal Income Fund | 0.12 | 0.11 | 0.14 | 84 | Municipal Bonds | SECUX vs GIJAX | |
| Guggenheim Ultra Short Duration Fund | 0.17 | 0.14 | 0.14 | 99 | Ultrashort Bond | SECUX vs GIYIX | |
| Guggenheim Floating Rate Strategies Fund | 0.21 | 0.29 | 0.30 | 55 | Bank Loan | SECUX vs GIFIX | |
| Guggenheim Limited Duration Fund | 0.29 | 0.21 | 0.19 | 88 | Short-Term Bond | SECUX vs GILHX | |
| Guggenheim Macro Opportunities Fund | 0.40 | 0.42 | 0.42 | 75 | Nontraditional Bonds | SECUX vs GIOIX |
See all 32 diversifiers for SECUX
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