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
21 mutual funds have low correlation with CNPIX (below 0.3), 13 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of -0.34, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.34 | -0.11 | 0.24 | 89 | Leveraged Equities, Semiconductors, Technology Equities | CNPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | -0.27 | -0.00 | 0.35 | 73 | Leveraged Equities | CNPIX vs TEPIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -0.14 | 0.10 | 0.43 | 62 | Leveraged Equities | CNPIX vs RMQAX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | -0.14 | 0.10 | 0.43 | 61 | Leveraged Equities | CNPIX vs RMQHX | |
| ProFunds UltraNASDAQ-100 Fund | -0.14 | 0.10 | 0.43 | 64 | Leveraged Equities | CNPIX vs UOPIX |
See all 21 diversifiers for CNPIX
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