Precious Metals Correlations

RYPMX Fund

USD 168.54 0.70 0.41%

The current 90-days correlation between Precious Metals and Energy Fund Investor is -0.21 (i.e., Very good diversification). The correlation of Precious Metals 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.

Precious Metals Correlation With Market

Very good diversification

The correlation between Precious Metals Fund and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals Fund 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 Precious Metals Fund. 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 population.

Moving together with PRECIOUS Mutual Fund

0.73	RYBCX	Basic Materials	Pair Corr
0.73	RYBAX	Basic Materials	Pair Corr
0.78	RYBMX	Basic Materials	Pair Corr
0.73	RYBIX	Basic Materials	Pair Corr
0.68	RYBOX	Biotechnology Fund Class	Pair Corr
0.61	RYAKX	Russell 2000 15x	Pair Corr
0.61	RYAEX	Europe 125x Strategy	Pair Corr
0.64	RYAZX	Sp Smallcap 600	Pair Corr
0.61	RYAVX	Sp Midcap 400	Pair Corr
0.65	RYDHX	Dow Jones Industrial	Pair Corr
0.61	RYDKX	Dow Jones Industrial	Pair Corr
0.66	RYEAX	Energy Fund Class	Pair Corr
0.65	RYECX	Energy Fund Class	Pair Corr
0.72	RYCFX	Biotechnology Fund Class	Pair Corr
0.61	RYCEX	Europe 125x Strategy	Pair Corr
0.64	RYCHX	Technology Fund Class	Pair Corr
0.64	RYCCX	Nasdaq 100 2x	Pair Corr
0.61	RYCMX	Russell 2000 15x	Pair Corr

Moving against PRECIOUS Mutual Fund

0.61	RYAFX	Inverse Russell 2000	Pair Corr
0.59	RYACX	Inverse Nasdaq 100	Pair Corr
0.59	RYAPX	Inverse Nasdaq 100	Pair Corr
0.57	RYAIX	Inverse Nasdaq 100	Pair Corr
0.57	RYALX	Inverse Nasdaq 100	Pair Corr
0.57	RYARX	Inverse Sp 500	Pair Corr
0.47	RYAGX	Inverse Mid Cap	Pair Corr
0.63	RYCZX	Inverse Dow 2x	Pair Corr
0.62	RYCQX	Inverse Russell 2000	Pair Corr
0.59	RYCBX	Inverse Sp 500	Pair Corr
0.58	RYCDX	Rydex Inverse Nasdaq	Pair Corr
0.55	RYCWX	Inverse Dow 2x	Pair Corr
0.48	RYCLX	Inverse Mid Cap	Pair Corr

Related Correlations Analysis

	RYEIX	RYVIX	RYBIX	RYHIX	RYTIX
RYEIX		0.96	0.89	0.6	0.9	RYEIX
RYVIX	0.96		0.84	0.64	0.81	RYVIX
RYBIX	0.89	0.84		0.7	0.94	RYBIX
RYHIX	0.6	0.64	0.7		0.64	RYHIX
RYTIX	0.9	0.81	0.94	0.64		RYTIX
	RYEIX	RYVIX	RYBIX	RYHIX	RYTIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between PRECIOUS Mutual Fund performing well and Precious Metals 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 Precious Metals' 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
RYEIX	1.03	0.18	0.08	0.66	0.96	(1.15)	2.16	(1.71)	5.17
RYVIX	1.49	0.09	0.02	0.28	1.63	(1.66)	3.09	(2.91)	8.56
RYBIX	0.69	0.15	0.09	0.47	0.47	(0.73)	1.63	(1.03)	3.93
RYHIX	0.84	0.09	(0.05)	(0.44)	1.03	(0.88)	1.53	(1.82)	5.33
RYTIX	0.92	0.42	0.49	0.61	0.00	(1.17)	2.68	(0.99)	6.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC