Looking to diversify beyond MDPIX? The mutual funds below have historically moved differently from MDPIX, 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 MDPIX
1 mutual funds have low correlation with MDPIX (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 0.01, down from 0.41 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 | 0.01 | 0.30 | 0.41 | 63 | Leveraged Equities | MDPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.46 | 0.59 | 0.60 | 94 | Leveraged Equities | MDPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.60 | 0.59 | 0.63 | 88 | Leveraged Equities | MDPIX vs UJPIX | |
| 13D Activist Fund | 0.71 | 0.81 | 0.86 | 78 | Mid Cap Blend Equities | MDPIX vs DDDIX | |
| Gabelli Value 25 Fund | 0.73 | 0.81 | 0.86 | 80 | Mid Cap Blend Equities | MDPIX vs GABVX |
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