Looking to diversify beyond DXQLX? The mutual funds below have the lowest correlation with DXQLX — 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 DXQLX.
Best Diversifiers for DXQLX
0 mutual funds have low correlation with DXQLX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Pharmaceuticals UltraSector Fund (PHPIX) (Leveraged Equities) with a 1Y correlation of 0.32, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Pharmaceuticals UltraSector Fund | 0.32 | 0.40 | 0.46 | 92 | Leveraged Equities | DXQLX vs PHPIX | |
| Comstock Capital Value Fund | 0.35 | 0.43 | 0.48 | 96 | Inverse Equities | DXQLX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | 0.37 | 0.44 | 0.51 | 94 | Leveraged Equities | DXQLX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.43 | 0.42 | 0.38 | 74 | Leveraged Equities | DXQLX vs UBPIX | |
| Rydex Russell 2000 2x Strategy Fund | 0.69 | 0.66 | 0.73 | 52 | Leveraged Equities | DXQLX vs RYRUX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXQLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXQLX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.08, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.08 | 0.15 | 0.35 | 53 | Financial Services | |
| Tesla, Inc. | 0.62 | 0.61 | 0.63 | 63 | Consumer Cyclical |
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