Looking to diversify beyond DXHYX? The mutual funds below have historically moved differently from DXHYX, 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 DXHYX
1 mutual funds have low correlation with DXHYX (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 -0.13, down from 0.22 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 | -0.13 | 0.12 | 0.22 | 63 | Leveraged Equities | DXHYX vs ENPIX | |
| ProFunds UltraLatin America Fund | 0.43 | 0.46 | 0.43 | 85 | Leveraged Equities | DXHYX vs UBPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.43 | 0.50 | 0.49 | 95 | Leveraged Equities | DXHYX vs PHPIX | |
| Comstock Capital Value Fund | 0.45 | 0.51 | 0.49 | 94 | Inverse Equities | DXHYX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | 0.47 | 0.52 | 0.52 | 94 | Leveraged Equities | DXHYX vs BIPIX |
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