Looking to diversify beyond DXRLX? The mutual funds below have historically moved differently from DXRLX, 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 DXRLX
2 mutual funds have low correlation with DXRLX (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 -0.03, down from 0.38 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 | -0.03 | 0.26 | 0.38 | 62 | Leveraged Equities | DXRLX vs ENPIX | |
| ProFunds UltraSector Health Care Fund | 0.29 | 0.43 | 0.52 | 52 | Leveraged Equities | DXRLX vs HCPIX | |
| ProFunds UltraLatin America Fund | 0.52 | 0.52 | 0.52 | 84 | Leveraged Equities | DXRLX vs UBPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.55 | 0.68 | 0.64 | 94 | Leveraged Equities | DXRLX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.58 | 0.69 | 0.67 | 93 | Leveraged Equities | DXRLX vs BIPIX |
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