BASIC MATERIALS Competition

RYBAX Fund

USD 80.29 -1.63 -1.99%

The fund is listed under the Natural Resources category and is part of the Rydex Funds family. Basic Materials Fund shares competitive overlap with BASIC MATERIALS, BASIC MATERIALS, Utilities Fund, CULLEN VALUE, and Applied Finance and similar firms. Debt loads across BASIC MATERIALS's peer group vary widely and affect risk profiles in different ways.

BASIC MATERIALS vs First Trust Correlation Summary

Minimal diversification benefit

The correlation between BASIC MATERIALS and First Trust is 0.92, which Macroaxis classifies as Minimal diversification benefit for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Moving together with BASIC Mutual Fund

0.61	TRNEX	T Rowe Price	Pair Corr
0.61	PRNEX	T Rowe Price	Pair Corr
0.97	VMIAX	Vanguard Materials Index	Pair Corr

Moving Against BASIC Mutual Fund

0.32

RYURX

Inverse Sampp 500

Pair Corr

Specify up to 10 symbols:

Experienced market participants anticipate that BASIC MATERIALS's price will even out over time. Periods when BASIC MATERIALS's deviates significantly from its historical mean may warrant further fundamental analysis.

Hype

Prediction

Low	Estimated	High
78.30	80.29	82.28

Details

Intrinsic

Valuation

Low	Real	High
79.60	81.59	83.58

Details

Naive

Forecast

Low	Next	High
77.92	79.92	81.91

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
75.63	86.29	96.96

Details

Analyzing BASIC MATERIALS in isolation is insufficient for informed investment decisions. This peer-relative view often uncovers mispricing that single-company analysis would miss.

BASIC MATERIALS Competition Correlation Matrix

Studying peer correlation around Basic Materials Fund gives investors a cleaner read on how much independent price behavior still exists across the competitive set. Used correctly, correlation analysis helps separate broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.

	RYBIX	RYBMX	RYUIX	CVLEX	AFALX	RSJN	TGFRX	PRSD	PCIG	RSSE
RYBIX		1.0	0.51	0.86	0.82	0.92	0.51	0.69	0.08	0.91	RYBIX
RYBMX	1.0		0.52	0.84	0.82	0.92	0.51	0.69	0.07	0.91	RYBMX
RYUIX	0.51	0.52		0.47	0.51	0.41	-0.25	0.8	-0.69	0.37	RYUIX
CVLEX	0.86	0.84	0.47		0.94	0.9	0.34	0.83	0.11	0.89	CVLEX
AFALX	0.82	0.82	0.51	0.94		0.86	0.17	0.83	-0.09	0.85	AFALX
RSJN	0.92	0.92	0.41	0.9	0.86		0.53	0.68	0.22	0.99	RSJN
TGFRX	0.51	0.51	-0.25	0.34	0.17	0.53		-0.1	0.68	0.53	TGFRX
PRSD	0.69	0.69	0.8	0.83	0.83	0.68	-0.1		-0.42	0.66	PRSD
PCIG	0.08	0.07	-0.69	0.11	-0.09	0.22	0.68	-0.42		0.27	PCIG
RSSE	0.91	0.91	0.37	0.89	0.85	0.99	0.53	0.66	0.27		RSSE
	RYBIX	RYBMX	RYUIX	CVLEX	AFALX	RSJN	TGFRX	PRSD	PCIG	RSSE

Please upgrade your account to get full access to Macroaxis premium features

High positive correlations

RYBMX	+ 1.0	RYBIX
RSSE	+ 0.99	RSJN
AFALX	+ 0.94	CVLEX
RSJN	+ 0.92	RYBIX
RSJN	+ 0.92	RYBMX
RSSE	+ 0.91	RYBIX

High negative correlations

PCIG	- 0.69	RYUIX
PCIG	- 0.42	PRSD
TGFRX	- 0.25	RYUIX
PRSD	- 0.1	TGFRX
PCIG	- 0.09	AFALX

Risk-Adjusted Indicators

Strong recent returns in BASIC Mutual Fund do not always mean BASIC MATERIALS Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare BASIC MATERIALS's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RYBIX	1.55	0.14	0.04	0.03	2.46	-1.32	2.61	-3.65	8.24
RYBMX	1.51	0.18	0.06	0.05	2.42	-1.31	2.60	-3.65	8.24
RYUIX	0.72	0.11	0.15	0.33	1.02	-0.75	1.45	-1.36	6.40
CVLEX	0.56	0.10	0.14	0.05	0.78	-0.57	1.14	-1.42	3.86
AFALX	0.54	0.06	0.14	0.03	0.61	-0.61	1.06	-1.16	2.94
RSJN	0.35	0.02	0.00	-0.03	0.00	0.00	0.64	-0.80	1.99
TGFRX	1.69	-0.05	0.00	-0.12	0.00	0.00	2.62	-3.78	9.39
PRSD	0.08	-0.01	0.54	-0.35	0.09	-0.09	0.12	-0.16	0.56
PCIG	1.13	-0.16	0.00	-0.22	0.00	0.00	1.90	-2.28	7.04
RSSE	0.37	0.02	0.00	-0.04	0.00	0.00	0.79	-0.82	2.29

BASIC MATERIALS Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	RYBAX	RYBIX	RYBMX	RYUIX	CVLEX	AFALX	RSJN	TGFRX	PRSD	PCIG
	1.99 80.29 BASIC	2.00 94.11 BASIC	2.15 85.63 BASIC	0.16 69.29 Utilities	0.99 16.08 CULLEN	0.24 12.40 Applied	0.64 34.41 First	3.37 56.53 TANAKA	0.20 24.97 SSGA	2.12 7.86 Litman
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Low
Market Performance (90 Days Performance)	Soft	Soft	Mild	Moderate	Mild	Mild	Weak	Weak	Soft	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Hold	Strong Hold	Strong Hold	Strong Buy	Strong Buy	Hold	Hold	Hold	Hold
Net Asset	46.35 M	46.35 M	46.35 M	30.84 M	29.83 M	28.33 M	N/A	37.1 M	N/A	N/A
Minimum Initial Investment	N/A	N/A	2.5 K	N/A	N/A	N/A	N/A	2 K	N/A	N/A
Price To Book	2.17	2.17	1.36	1.64	1.98	N/A	N/A	3.26	N/A	N/A
Five Year Return	9.16	8.06	8.95	9.82	8.0	7.92	N/A	10.69	N/A	N/A
One Year Return	31.4	26.28	33.33	16.06	19.43	11.13	6.7	52.27	N/A	-14.3
Last Dividend Paid	0.54	0.54	0.54	1.01	0.03	0.17	N/A	N/A	N/A	N/A
Price To Earning	18.97	18.97	16.52	17.98	16.96	N/A	N/A	14.92	N/A	N/A
Price To Sales	1.17	1.17	0.86	1.46	1.74	N/A	N/A	2.66	N/A	N/A
Cash Position Weight	2.24	2.24	3.36	1.04	2.99	0.11	N/A	6.45	N/A	N/A
Equity Positions Weight	99.23	99.23	96.64	98.79	97.01	99.89	N/A	93.55	N/A	N/A
Three Year Return	13.95	12.88	15.5	12.66	13.35	12.92	N/A	34.57	N/A	N/A
Annual Yield	0.0056	0.0049	0.0054	0.0168	0.0111	0.019	N/A	N/A	N/A	N/A
Year To Date Return	3.3	0.42	6.42	3.96	1.28	0.91	N/A	3.26	N/A	N/A
Ten Year Return	3.31	3.7	3.44	9.87	N/A	10.56	N/A	4.93	N/A	N/A
Day Typical Price	80.29	94.11	85.63	69.29	16.08	12.4	34.41	56.53	24.99	7.91
Accumulation Distribution	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3.11	164.03
Market Facilitation Index	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.0	0.0
Daily Balance Of Power	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-1.00	-1.21
Period Momentum Indicator	-1.63	-1.92	1.8	0.11	-0.16	-0.03	-0.22	-1.97	-0.05	-0.17
Rate Of Daily Change	0.98	0.98	1.02	1.0	0.99	1.0	0.99	0.97	1.0	0.98
Day Median Price	80.29	94.11	85.63	69.29	16.08	12.4	34.41	56.53	24.99	7.93
Price Action Indicator	-0.81	-0.96	0.9	0.055	-0.08	-0.01	-0.11	-0.98	-0.05	-0.15
Relative Strength Index	44.28	44.3	46.52	50.17	46.22	45.97	43.49	44.42	44.44	35.27
Coefficient Of Variation	3990.24	3930.7	2409.08	1002.07	1454.81	2476.68	-8,374	-1,456	3137.88	-591.64
Mean Deviation	1.55	1.55	1.51	0.7195	0.5647	0.5412	0.3525	1.69	0.0793	1.13
Jensen Alpha	0.1424	0.1431	0.1819	0.1081	0.1048	0.0615	0.0195	-0.05	-0.01	-0.16
Total Risk Alpha	0.2243	0.2251	0.2547	0.1777	0.1136	0.0792	0.0271	0.0402	0.0028	-0.12
Sortino Ratio	0.0441	0.0444	0.0557	0.1481	0.1361	0.1445	N/A	N/A	0.5365	N/A
Downside Variance	6.98	6.98	7.13	1.23	0.7689	0.4213	N/A	N/A	0.017	N/A
Standard Deviation	1.99	1.99	1.98	0.9766	0.7669	0.6719	0.461	2.11	0.1033	1.42
Kurtosis	0.2923	0.2836	0.4513	3.81	0.6445	-0.33	-0.24	-0.13	1.57	0.1537
Potential Upside	2.61	2.61	2.6	1.45	1.14	1.06	0.6373	2.62	0.1201	1.9
Treynor Ratio	0.0299	0.0305	0.0503	0.3254	0.0527	0.0296	-0.03	-0.12	-0.35	-0.22
Maximum Drawdown	8.24	8.24	8.24	6.4	3.86	2.94	1.99	9.39	0.5588	7.04
Variance	3.98	3.98	3.91	0.9538	0.5882	0.4514	0.2125	4.47	0.0107	2.02
Market Risk Adjusted Performance	0.0399	0.0405	0.0603	0.3354	0.0627	0.0396	-0.02	-0.11	-0.34	-0.21
Risk Adjusted Performance	0.0266	0.0269	0.0402	0.0843	0.0562	0.0311	-0.02	-0.05	-0.04	-0.14
Skewness	-0.77	-0.77	-0.82	-1.03	-0.19	0.0135	-0.34	-0.47	-0.83	0.0196
Semi Deviation	2.46	2.46	2.42	1.02	0.7799	0.6058	N/A	N/A	0.0931	N/A
Information Ratio	0.0585	0.0589	0.0752	0.168	0.1556	0.1396	0.1326	-0.04	0.677	-0.12
Value At Risk	-3.65	-3.65	-3.65	-1.36	-1.42	-1.16	-0.80	-3.78	-0.16	-2.28
Expected Short fall	-1.31	-1.32	-1.31	-0.75	-0.57	-0.61	N/A	N/A	-0.09	N/A
Downside Deviation	2.64	2.64	2.67	1.11	0.8769	0.6491	N/A	N/A	0.1303	N/A
Semi Variance	6.06	6.05	5.86	1.04	0.6083	0.367	N/A	N/A	0.0087	N/A

BASIC MATERIALS Competition Peer Performance Charts

How to Analyze BASIC MATERIALS Against Peers

BASIC MATERIALS's peer analysis compares BASIC MATERIALS with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether BASIC MATERIALS trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where BASIC MATERIALS leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Analyst consensus for BASIC MATERIALS shows a wider price target range than peers, reflecting higher uncertainty about fair value. Institutional ownership changes across BASIC MATERIALS's peer set can reflect shifts in professional positioning. Relative comparison helps show where BASIC MATERIALS is stronger or weaker against peers.

Data shown for Basic Materials Fund is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication timing can introduce delays.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board

Last reviewed on March 25th, 2026

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

BASIC MATERIALS Competition

BASIC MATERIALS vs First Trust Correlation Summary

Moving together with BASIC Mutual Fund

Moving Against BASIC Mutual Fund

Specify up to 10 symbols:

BASIC MATERIALS Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

BASIC MATERIALS Competitive Analysis

BASIC MATERIALS Competition Peer Performance Charts

How to Analyze BASIC MATERIALS Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY