Looking to diversify beyond OTPIX? The mutual funds below have historically moved differently from OTPIX, 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 OTPIX
2 mutual funds have low correlation with OTPIX (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 -0.16, down from 0.17 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 | -0.16 | 0.05 | 0.17 | 61 | Leveraged Equities | OTPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.26 | 0.29 | 0.30 | 85 | Energy Equities | OTPIX vs OEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.33 | 0.40 | 0.45 | 94 | Leveraged Equities | OTPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.39 | 0.44 | 0.52 | 93 | Leveraged Equities | OTPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.46 | 0.42 | 0.39 | 81 | Leveraged Equities | OTPIX vs UBPIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OTPIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.10, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.10 | 0.13 | 0.33 | 67 | Financial Services | |
| Apple Inc | 0.38 | 0.50 | 0.66 | 90 | Technology | |
| Amazon.com, Inc | 0.58 | 0.66 | 0.73 | 70 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.69 | 0.69 | 0.73 | 94 | Technology |
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