Dow 2x Correlations

RYCVX Fund

USD 180.02 1.12 0.62%

The current 90-days correlation between Dow 2x Strategy and Sp 500 2x is 0.85 (i.e., Very poor diversification). The correlation of Dow 2x 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.

Dow 2x Correlation With Market

Good diversification

The correlation between Dow 2x Strategy and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow 2x Strategy 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 Dow 2x Strategy. 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 real.

Moving together with Dow Mutual Fund

0.7	RYBCX	Basic Materials	Pair Corr
0.71	RYBAX	Basic Materials	Pair Corr
0.82	RYBKX	Banking Fund Class	Pair Corr
0.64	RYBMX	Basic Materials	Pair Corr
0.89	RYBHX	Sp Midcap 400	Pair Corr
0.64	RYBIX	Basic Materials	Pair Corr
0.82	RYAKX	Russell 2000 15x	Pair Corr
0.95	RYAHX	Mid Cap 15x	Pair Corr
0.77	RYAQX	Inverse Government Long	Pair Corr
0.68	RYAUX	Utilities Fund Class	Pair Corr
0.9	RYATX	Nasdaq 100 Fund	Pair Corr
0.96	RYANX	Nova Fund Class	Pair Corr
0.77	RYAZX	Sp Smallcap 600	Pair Corr
0.91	RYAWX	Sp 500 Pure	Pair Corr
0.92	RYAVX	Sp Midcap 400	Pair Corr
1.0	RYDHX	Dow Jones Industrial	Pair Corr
0.88	RYDCX	Mid Cap 15x	Pair Corr
1.0	RYDKX	Dow Jones Industrial	Pair Corr
0.87	RYCHX	Technology Fund Class	Pair Corr
0.84	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	RYCNX	Transportation Fund Class	Pair Corr
0.81	RYCMX	Russell 2000 15x	Pair Corr

Moving against Dow Mutual Fund

0.94	RYAGX	Inverse Mid Cap	Pair Corr
0.9	RYARX	Inverse Sp 500	Pair Corr
0.89	RYACX	Inverse Nasdaq 100	Pair Corr
0.88	RYAIX	Inverse Nasdaq 100	Pair Corr
0.88	RYALX	Inverse Nasdaq 100	Pair Corr
0.88	RYAPX	Inverse Nasdaq 100	Pair Corr
0.81	RYAFX	Inverse Russell 2000	Pair Corr
0.76	RYABX	Government Long Bond	Pair Corr
0.69	RYAEX	Europe 125x Strategy	Pair Corr
0.67	RYCEX	Europe 125x Strategy	Pair Corr
0.4	RYCFX	Biotechnology Fund Class	Pair Corr
0.38	RYBOX	Biotechnology Fund Class	Pair Corr
1.0	RYCWX	Inverse Dow 2x	Pair Corr
0.96	RYCBX	Inverse Sp 500	Pair Corr
0.94	RYCZX	Inverse Dow 2x	Pair Corr
0.89	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.87	RYCLX	Inverse Mid Cap	Pair Corr
0.82	RYCQX	Inverse Russell 2000	Pair Corr
0.75	RYCGX	Government Long Bond	Pair Corr
0.74	RYGBX	Government Long Bond	Pair Corr

Related Correlations Analysis

	RYTNX	RYCWX	RYVYX	RYRSX	RYTPX
RYTNX		-0.96	0.97	0.89	-0.93	RYTNX
RYCWX	-0.96		-0.89	-0.89	0.91	RYCWX
RYVYX	0.97	-0.89		0.86	-0.9	RYVYX
RYRSX	0.89	-0.89	0.86		-0.83	RYRSX
RYTPX	-0.93	0.91	-0.9	-0.83		RYTPX
	RYTNX	RYCWX	RYVYX	RYRSX	RYTPX

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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

RYVYX	+ 0.97	RYTNX
RYTPX	+ 0.91	RYCWX
RYRSX	+ 0.89	RYTNX
RYRSX	+ 0.86	RYVYX

High negative correlations

RYCWX	- 0.96	RYTNX
RYTPX	- 0.93	RYTNX
RYTPX	- 0.9	RYVYX
RYRSX	- 0.89	RYCWX
RYVYX	- 0.89	RYCWX
RYTPX	- 0.83	RYRSX

Risk-Adjusted Indicators

There is a big difference between Dow Mutual Fund performing well and Dow 2x 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 Dow 2x's 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
RYTNX	1.13	0.15	0.03	(1.19)	1.47	(1.18)	2.28	(2.65)	7.68
RYCWX	1.09	(0.16)	0.00	(1.34)	0.00	0.00	1.94	(2.15)	10.10
RYVYX	1.63	0.14	0.01	(0.47)	2.41	(1.54)	3.08	(4.83)	10.29
RYRSX	1.90	0.20	0.05	2.68	2.03	(2.10)	4.20	(3.30)	15.20
RYTPX	1.13	0.01	0.00	0.08	0.00	0.00	2.74	(2.26)	9.29

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