Looking to diversify beyond DXQLX? The mutual funds below have historically moved differently from DXQLX, 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 DXQLX
1 mutual funds have low correlation with DXQLX (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 | 0.04 | 0.16 | 63 | Leveraged Equities | DXQLX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.33 | 0.41 | 0.45 | 95 | Leveraged Equities | DXQLX vs PHPIX | |
| Comstock Capital Value Fund | 0.36 | 0.43 | 0.48 | 94 | Inverse Equities | DXQLX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | 0.40 | 0.45 | 0.52 | 94 | Leveraged Equities | DXQLX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.44 | 0.43 | 0.38 | 85 | Leveraged Equities | DXQLX vs UBPIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXQLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.11, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.11 | 0.15 | 0.34 | 61 | Financial Services |
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