Looking to diversify beyond SECUX? The mutual funds below have historically moved differently from SECUX, 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 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 0.13, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guggenheim Municipal Income Fund | 0.13 | 0.10 | 0.13 | 90 | Municipal Bonds | SECUX vs GIJAX | |
| Guggenheim Ultra Short Duration Fund | 0.16 | 0.13 | 0.14 | 99 | Ultrashort Bond | SECUX vs GIYIX | |
| Guggenheim Floating Rate Strategies Fund | 0.23 | 0.29 | 0.30 | 81 | Bank Loan | SECUX vs GIFIX | |
| Guggenheim Limited Duration Fund | 0.27 | 0.19 | 0.20 | 94 | Short-Term Bond | SECUX vs GILHX | |
| Guggenheim Alpha Opportunity Fund | 0.30 | 0.31 | 0.32 | 83 | Long-Short | SECUX vs SAOAX |
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