Looking to diversify beyond HCPIX? The mutual funds below have the lowest correlation with HCPIX — 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 HCPIX.
Best Diversifiers for HCPIX
10 mutual funds have low correlation with HCPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of -0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.03 | 0.12 | 0.29 | 88 | Leveraged Equities, Semiconductors, Technology Equities | HCPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.05 | 0.23 | 0.41 | 71 | Leveraged Equities | HCPIX vs TEPIX | |
| ProFunds UltraLatin America Fund | 0.13 | 0.21 | 0.26 | 52 | Leveraged Equities | HCPIX vs UBPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.14 | 0.28 | 0.45 | 59 | Leveraged Equities | HCPIX vs DXNLX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 0.14 | 0.28 | 0.45 | 61 | Leveraged Equities | HCPIX vs RMQHX |
See all 16 diversifiers for HCPIX
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