Looking to diversify beyond ENPIX? The mutual funds below have the lowest correlation with ENPIX — 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 ENPIX.
Best Diversifiers for ENPIX
22 mutual funds have low correlation with ENPIX (below 0.3), 12 of which are negatively correlated. The least correlated is ProFunds Biotechnology UltraSector Fund (BIPIX) (Leveraged Equities) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Biotechnology UltraSector Fund | -0.14 | 0.09 | 0.15 | 95 | Leveraged Equities | ENPIX vs BIPIX | |
| ProFunds Technology UltraSector Fund | -0.12 | 0.06 | 0.18 | 56 | Leveraged Equities | ENPIX vs TEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.12 | 0.14 | 0.21 | 94 | Leveraged Equities | ENPIX vs PHPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.11 | 0.03 | 0.17 | 76 | Leveraged Equities, Semiconductors, Technology Equities | ENPIX vs SMPIX | |
| Fidelity 500 Index Fund | -0.11 | 0.15 | 0.30 | 65 | S&P 500 | ENPIX vs FXAIX |
See all 23 diversifiers for ENPIX
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