Looking to diversify beyond DXKSX? The mutual funds below have historically moved differently from DXKSX, 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 DXKSX
3 mutual funds have low correlation with DXKSX (below 0.3), 3 of which are negatively correlated. The least correlated is Hilton Tactical Income Fund Institutional Class (HCYIX) (Tactical Allocation) with a 1Y correlation of -0.46, roughly unchanged from -0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hilton Tactical Income Fund Institutional Class | -0.46 | -0.39 | -0.38 | 50 | Tactical Allocation | DXKSX vs HCYIX | |
| Direxion Monthly Small Cap Bull 1.75X Fund | -0.29 | -0.20 | -0.11 | 71 | Leveraged Equities | DXKSX vs DXRLX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.25 | -0.20 | -0.15 | 95 | Leveraged Equities | DXKSX vs PHPIX |
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