Looking to diversify beyond DXSLX? The mutual funds below have the lowest correlation with DXSLX — 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 DXSLX.
Best Diversifiers for DXSLX
0 mutual funds have low correlation with DXSLX (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 0.47, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Pharmaceuticals UltraSector Fund | 0.47 | 0.55 | 0.58 | 73 | Leveraged Equities | DXSLX vs PHPIX | |
| ProFunds UltraLatin America Fund | 0.48 | 0.48 | 0.46 | 52 | Leveraged Equities | DXSLX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.50 | 0.54 | 0.58 | 85 | Leveraged Equities | DXSLX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.69 | 0.65 | 0.68 | 95 | Leveraged Equities | DXSLX vs UJPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.72 | 0.73 | 0.77 | 88 | Leveraged Equities, Semiconductors, Technology Equities | DXSLX vs SMPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXSLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXSLX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.07, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.07 | 0.19 | 0.32 | 82 | Energy | |
| NVIDIA Corporation | 0.59 | 0.62 | 0.68 | 76 | Technology |
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