Looking to diversify beyond CYPIX? The mutual funds below have historically moved differently from CYPIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CYPIX
1 mutual funds have low correlation with CYPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.23, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.23 | 0.07 | 0.19 | 63 | Leveraged Equities | CYPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.36 | 0.45 | 0.50 | 94 | Leveraged Equities | CYPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.36 | 0.47 | 0.49 | 95 | Leveraged Equities | CYPIX vs PHPIX | |
| ProFunds UltraLatin America Fund | 0.37 | 0.42 | 0.41 | 85 | Leveraged Equities | CYPIX vs UBPIX | |
| ProFunds UltraJapan Fund | 0.50 | 0.52 | 0.57 | 88 | Leveraged Equities | CYPIX vs UJPIX |
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