Rydex Sers Correlations

RYILX Fund

USD 48.54 0.09 0.19%

The current 90-days correlation between Rydex Sers Fds and Basic Materials Fund is 0.07 (i.e., Significant diversification). The correlation of Rydex Sers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Rydex Sers Correlation With Market

Good diversification

The correlation between Rydex Sers Fds and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rydex Sers Fds and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rydex Sers Fds. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Rydex Mutual Fund

0.87	RYABX	Government Long Bond	Pair Corr
0.64	RYAEX	Europe 125x Strategy	Pair Corr
0.62	RYCEX	Europe 125x Strategy	Pair Corr
0.51	RYAUX	Utilities Fund Class	Pair Corr
0.47	RYCFX	Biotechnology Fund Class	Pair Corr
0.44	RYBMX	Basic Materials	Pair Corr
0.44	RYBIX	Basic Materials	Pair Corr
0.43	RYBCX	Basic Materials	Pair Corr
0.43	RYBAX	Basic Materials	Pair Corr
0.43	RYBOX	Biotechnology Fund Class	Pair Corr
0.4	RYBHX	Sp Midcap 400	Pair Corr
0.36	RYAGX	Inverse Mid Cap	Pair Corr
0.34	RYACX	Inverse Nasdaq 100	Pair Corr
0.34	RYECX	Energy Fund Class	Pair Corr
0.33	RYAIX	Inverse Nasdaq 100	Pair Corr
0.33	RYAPX	Inverse Nasdaq 100	Pair Corr
0.32	RYALX	Inverse Nasdaq 100	Pair Corr
0.32	RYARX	Inverse Sp 500	Pair Corr
0.32	RYEAX	Energy Fund Class	Pair Corr
0.87	RYGBX	Government Long Bond Potential Growth	Pair Corr
0.68	RYCRX	Real Estate Fund	Pair Corr
0.66	RYFTX	Emerging Markets Bond	Pair Corr
0.64	RYCIX	Consumer Products	Pair Corr
0.64	RYEUX	Europe 125x Strategy	Pair Corr
0.57	RYCPX	Consumer Products	Pair Corr
0.52	RYCUX	Utilities Fund Class	Pair Corr
0.48	RYCGX	Government Long Bond	Pair Corr

Related Correlations Analysis

	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX
RYBCX		1.0	0.12	1.0	0.63	1.0	0.97	0.58	0.8	0.78	RYBCX
RYBAX	1.0		0.12	1.0	0.63	1.0	0.97	0.58	0.8	0.77	RYBAX
RYBKX	0.12	0.12		0.12	0.6	0.12	0.11	-0.41	-0.23	-0.28	RYBKX
RYBMX	1.0	1.0	0.12		0.63	1.0	0.97	0.58	0.8	0.78	RYBMX
RYBHX	0.63	0.63	0.6	0.63		0.63	0.61	0.33	0.32	0.27	RYBHX
RYBIX	1.0	1.0	0.12	1.0	0.63		0.97	0.58	0.8	0.78	RYBIX
RYBOX	0.97	0.97	0.11	0.97	0.61	0.97		0.59	0.74	0.72	RYBOX
RYABX	0.58	0.58	-0.41	0.58	0.33	0.58	0.59		0.63	0.63	RYABX
RYACX	0.8	0.8	-0.23	0.8	0.32	0.8	0.74	0.63		1.0	RYACX
RYAIX	0.78	0.77	-0.28	0.78	0.27	0.78	0.72	0.63	1.0		RYAIX
	RYBCX	RYBAX	RYBKX	RYBMX	RYBHX	RYBIX	RYBOX	RYABX	RYACX	RYAIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RYBAX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBCX
RYBIX	+ 1.0	RYBCX
RYBMX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBAX
RYBIX	+ 1.0	RYBMX

High negative correlations

RYABX	- 0.41	RYBKX
RYAIX	- 0.28	RYBKX
RYACX	- 0.23	RYBKX

Risk-Adjusted Indicators

There is a big difference between Rydex Mutual Fund performing well and Rydex Sers Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rydex Sers' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYBCX	1.39	(0.36)	0.00	(0.27)	0.00	0.00	1.29	(1.89)	33.38
RYBAX	1.29	(0.33)	0.00	(0.28)	0.00	0.00	1.28	(1.89)	29.01
RYBKX	1.08	0.08	0.03	0.84	1.40	(1.28)	2.40	(2.37)	14.68
RYBMX	1.27	(0.33)	0.00	(0.29)	0.00	0.00	1.29	(1.90)	28.12
RYBHX	1.39	(0.17)	0.00	18.12	0.00	0.00	1.76	(1.85)	29.80
RYBIX	1.22	(0.32)	0.00	(0.29)	0.00	0.00	1.29	(1.89)	26.03
RYBOX	1.62	(0.31)	0.00	(0.23)	0.00	0.00	1.52	(4.13)	33.76
RYABX	0.83	(0.21)	0.00	(1.78)	0.00	0.00	1.55	(1.83)	5.15
RYACX	0.85	(0.24)	0.00	(11.28)	0.00	0.00	1.59	(1.84)	9.08
RYAIX	0.81	0.00	0.00	0.00	0.00	0.00	1.61	(1.87)	7.35

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