Looking to diversify beyond DXKLX? The mutual funds below have historically moved differently from DXKLX, 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 DXKLX
8 mutual funds have low correlation with DXKLX (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 -0.25, down from -0.13 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 | -0.25 | -0.12 | -0.13 | 63 | Leveraged Equities | DXKLX vs ENPIX | |
| ProFunds UltraJapan Fund | 0.16 | 0.01 | -0.06 | 88 | Leveraged Equities | DXKLX vs UJPIX | |
| ProFunds UltraLatin America Fund | 0.17 | 0.17 | 0.09 | 85 | Leveraged Equities | DXKLX vs UBPIX | |
| Comstock Capital Value Fund | 0.23 | 0.15 | 0.11 | 94 | Inverse Equities | DXKLX vs DRCVX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.25 | 0.20 | 0.15 | 95 | Leveraged Equities | DXKLX vs PHPIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DXKLX
Add DXKLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DXKLX