Rydex Funds are in the Danger Zone this week. This fund series, owned by Guggenheim Investments, offers investors poor stock picking and high fees. Rydex’s funds consistently rate at or near the bottom of all sectors and styles.

The All Cap Blend style ranks third out of the twelve fund styles. It gets my Neutral rating, which is based on aggregation of ratings of 37 ETFs and 763 mutual funds in the All Cap Blend style as of April 10, 2014.

Picking from the multitude of style mutual funds is a daunting task. In any given style there may be as many as 942 different mutual funds, and there are at least 6,095 mutual funds across all styles. Why are there so many mutual funds? The answer is because mutual fund providers are making lots of money selling them.

Picking from the multitude of style mutual funds is a daunting task. In any given style there may be as many as 942 different mutual funds, and there are at least 6,095 mutual funds across all styles.