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
31 mutual funds have low correlation with ENPIX (below 0.3), 21 of which are negatively correlated. The least correlated is ProFunds NASDAQ-100 Fund (OTPIX) (Large Cap Growth Equities) with a 1Y correlation of -0.15, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds NASDAQ-100 Fund | -0.15 | 0.06 | 0.18 | 61 | Large Cap Growth Equities | ENPIX vs OTPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -0.15 | 0.06 | 0.17 | 59 | Leveraged Equities | ENPIX vs DXNLX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | -0.15 | 0.05 | 0.17 | 61 | Leveraged Equities | ENPIX vs RMQHX | |
| Direxion Monthly NASDAQ-100 Bull 1.75X Fund | -0.15 | 0.05 | 0.18 | 61 | Leveraged Equities | ENPIX vs DXQLX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -0.15 | 0.05 | 0.17 | 61 | Leveraged Equities | ENPIX vs RMQAX |
See all 32 diversifiers for ENPIX
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