Looking to diversify beyond DXKLX? The mutual funds below have the lowest correlation with DXKLX — 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 DXKLX.
Best Diversifiers for DXKLX
13 mutual funds have low correlation with DXKLX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.03 | 0.03 | 0.02 | 88 | Leveraged Equities, Semiconductors, Technology Equities | DXKLX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.12 | 0.08 | 0.06 | 71 | Leveraged Equities | DXKLX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.14 | 0.01 | -0.08 | 95 | Leveraged Equities | DXKLX vs UJPIX | |
| ProFunds UltraLatin America Fund | 0.16 | 0.18 | 0.08 | 52 | Leveraged Equities | DXKLX vs UBPIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 0.19 | 0.11 | 0.08 | 61 | Leveraged Equities | DXKLX vs RMQAX |
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