Looking to diversify beyond LVPIX? The mutual funds below have historically moved differently from LVPIX, 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 LVPIX
2 mutual funds have low correlation with LVPIX (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 0.08, down from 0.44 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 | 0.08 | 0.33 | 0.44 | 63 | Leveraged Equities | LVPIX vs ENPIX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.59 | 0.70 | 93 | Large Cap Value Equities | LVPIX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.36 | 0.62 | 0.75 | 89 | Large Cap Value Equities | LVPIX vs YAFFX | |
| ProFunds Biotechnology UltraSector Fund | 0.39 | 0.52 | 0.55 | 94 | Leveraged Equities | LVPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.43 | 0.47 | 0.55 | 88 | Leveraged Equities | LVPIX vs UJPIX |
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