Looking to diversify beyond MDPIX? The mutual funds below have the lowest correlation with MDPIX — 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 MDPIX.
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 0.09, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.09 | 0.35 | 0.45 | 51 | Leveraged Equities | MDPIX vs ENPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.45 | 0.49 | 0.60 | 92 | Leveraged Equities | MDPIX vs SMPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.51 | 0.59 | 0.60 | 67 | Leveraged Equities | MDPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.57 | 0.58 | 0.63 | 93 | Leveraged Equities | MDPIX vs UJPIX | |
| ProFunds Technology UltraSector Fund | 0.58 | 0.60 | 0.68 | 85 | Leveraged Equities | MDPIX vs TEPIX |
See all 24 diversifiers for MDPIX
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