Looking to diversify beyond LGPIX? The mutual funds below have historically moved differently from LGPIX, 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 LGPIX
1 mutual funds have low correlation with LGPIX (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 -0.22, down from 0.19 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 | -0.22 | 0.05 | 0.19 | 63 | Leveraged Equities | LGPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.41 | 0.45 | 0.53 | 94 | Leveraged Equities | LGPIX vs BIPIX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.67 | 0.74 | 90 | Large Cap Growth Equities | LGPIX vs DNVYX | |
| ICON Equity Fund | 0.66 | 0.59 | 0.69 | 80 | Large Cap Growth Equities | LGPIX vs IOLZX | |
| American Growth Fund Series One | 0.70 | 0.74 | 0.81 | 56 | Large Cap Growth Equities | LGPIX vs AMRGX |
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