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
12 mutual funds have low correlation with CNPIX (below 0.3), 5 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of -0.38, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.38 | -0.14 | 0.22 | 77 | Leveraged Equities, Semiconductors, Technology Equities | CNPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | -0.33 | -0.04 | 0.33 | 57 | Leveraged Equities | CNPIX vs TEPIX | |
| ProFunds UltraJapan Fund | -0.13 | 0.03 | 0.28 | 94 | Leveraged Equities | CNPIX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | -0.06 | 0.10 | 0.32 | 78 | Leveraged Equities | CNPIX vs RYJSX | |
| ProFunds Bull Investor Fund | -0.05 | 0.23 | 0.52 | 52 | Leveraged Equities | CNPIX vs BLPIX |
See all 12 diversifiers for CNPIX
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