Looking to diversify beyond IDPIX? The mutual funds below have the lowest correlation with IDPIX — 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 IDPIX.
Best Diversifiers for IDPIX
1 mutual funds have low correlation with IDPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.06 | 0.31 | 0.40 | 51 | Leveraged Equities | IDPIX vs ENPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.42 | 0.46 | 0.58 | 92 | Leveraged Equities | IDPIX vs SMPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.43 | 0.50 | 0.54 | 67 | Leveraged Equities | IDPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.44 | 0.46 | 0.48 | 70 | Leveraged Equities | IDPIX vs UBPIX | |
| ProFunds Technology UltraSector Fund | 0.50 | 0.57 | 0.66 | 85 | Leveraged Equities | IDPIX vs TEPIX |
See all 19 diversifiers for IDPIX
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