Looking to diversify beyond DXSLX? The mutual funds below have historically moved differently from DXSLX, 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 DXSLX
1 mutual funds have low correlation with DXSLX (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 -0.14, down from 0.29 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 | -0.14 | 0.14 | 0.29 | 63 | Leveraged Equities | DXSLX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.41 | 0.53 | 0.57 | 95 | Leveraged Equities | DXSLX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.46 | 0.53 | 0.58 | 94 | Leveraged Equities | DXSLX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.49 | 0.48 | 0.46 | 85 | Leveraged Equities | DXSLX vs UBPIX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.70 | 0.78 | 0.87 | 69 | S&P 500 | DXSLX vs VADDX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXSLX, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.13, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.13 | 0.16 | 0.30 | 89 | Energy | |
| NVIDIA Corporation | 0.62 | 0.62 | 0.69 | 56 | Technology |
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