Looking to diversify beyond CNPIX? The mutual funds below have the lowest correlation with CNPIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CNPIX.
Best Diversifiers for CNPIX
23 mutual funds have low correlation with CNPIX (below 0.3), 10 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund (SMPIX) (Leveraged Equities) with a 1Y correlation of -0.28, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund | -0.28 | -0.09 | 0.26 | 92 | Leveraged Equities | CNPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | -0.21 | 0.02 | 0.37 | 84 | Leveraged Equities | CNPIX vs TEPIX | |
| Rydex NASDAQ-100 2x Strategy Fund | -0.07 | 0.13 | 0.45 | 68 | Leveraged Equities | CNPIX vs RYVYX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -0.07 | 0.13 | 0.44 | 65 | Leveraged Equities | CNPIX vs DXNLX | |
| ProFunds NASDAQ-100 Fund | -0.07 | 0.13 | 0.45 | 68 | Large Cap Growth Equities | CNPIX vs OTPIX |
See all 23 diversifiers for CNPIX
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