Looking to diversify beyond DXKSX? The mutual funds below have the lowest correlation with DXKSX — 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 DXKSX.
Best Diversifiers for DXKSX
5 mutual funds have low correlation with DXKSX (below 0.3), 5 of which are negatively correlated. The least correlated is Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) (Leveraged Equities) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Monthly Small Cap Bull 1.75X Fund | -0.28 | -0.21 | -0.09 | 64 | Leveraged Equities | DXKSX vs DXRLX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.25 | -0.20 | -0.14 | 73 | Leveraged Equities | DXKSX vs PHPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -0.19 | -0.11 | -0.08 | 59 | Leveraged Equities | DXKSX vs DXNLX | |
| Direxion Monthly NASDAQ-100 Bull 1.75X Fund | -0.19 | -0.11 | -0.07 | 61 | Leveraged Equities | DXKSX vs DXQLX | |
| ProFunds Technology UltraSector Fund | -0.12 | -0.08 | -0.05 | 71 | Leveraged Equities | DXKSX vs TEPIX |
Diversification Analysis
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