Looking to diversify beyond ENPIX? The mutual funds below have historically moved differently from ENPIX, 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 ENPIX
19 mutual funds have low correlation with ENPIX (below 0.3), 15 of which are negatively correlated. The least correlated is ProFunds Biotechnology UltraSector Fund (BIPIX) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Biotechnology UltraSector Fund | -0.15 | 0.09 | 0.15 | 94 | Leveraged Equities | ENPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.15 | 0.13 | 0.20 | 95 | Leveraged Equities | ENPIX vs PHPIX | |
| Fidelity 500 Index Fund | -0.14 | 0.14 | 0.29 | 64 | S&P 500 | ENPIX vs FXAIX | |
| Fidelity Emerging Markets Fund | -0.10 | 0.09 | 0.21 | 52 | Emerging Markets Equities | ENPIX vs FEMKX | |
| Rydex Japan 2x Strategy Fund | -0.09 | 0.08 | 0.20 | 62 | Leveraged Equities | ENPIX vs RYJSX |
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