Looking to diversify beyond INPIX? The mutual funds below have historically moved differently from INPIX, 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 INPIX
5 mutual funds have low correlation with INPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.18, 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 UltraSector Oil & Gas Fund | -0.18 | 0.03 | 0.15 | 63 | Leveraged Equities | INPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.08 | 0.23 | 0.27 | 77 | Energy Equities | INPIX vs OEPIX | |
| ProFunds UltraLatin America Fund | 0.24 | 0.34 | 0.34 | 85 | Leveraged Equities | INPIX vs UBPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.25 | 0.38 | 0.41 | 95 | Leveraged Equities | INPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.27 | 0.42 | 0.50 | 94 | Leveraged Equities | INPIX vs BIPIX |
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