Looking to diversify beyond DXNLX? The mutual funds below have historically moved differently from DXNLX, 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 DXNLX
1 mutual funds have low correlation with DXNLX (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 -0.17, down from 0.16 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 | -0.17 | 0.05 | 0.16 | 63 | Leveraged Equities | DXNLX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.32 | 0.41 | 0.45 | 95 | Leveraged Equities | DXNLX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.38 | 0.44 | 0.51 | 94 | Leveraged Equities | DXNLX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.45 | 0.43 | 0.39 | 85 | Leveraged Equities | DXNLX vs UBPIX | |
| Rydex Russell 2000 1.5x Strategy Fund | 0.70 | 0.66 | 0.72 | 66 | Leveraged Equities | DXNLX vs RYMKX |
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