Looking to diversify beyond OTPIX? The mutual funds below have the lowest correlation with OTPIX — 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 OTPIX.
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 -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.14 | 0.05 | 0.18 | 51 | Leveraged Equities | OTPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.22 | 0.28 | 0.29 | 91 | Energy Equities | OTPIX vs OEPIX | |
| Emerald Insights Fund | 0.34 | 0.76 | 0.84 | 99 | Large Cap Growth Equities | OTPIX vs EFCNX | |
| ProFunds Biotechnology UltraSector Fund | 0.44 | 0.46 | 0.53 | 67 | Leveraged Equities | OTPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.44 | 0.41 | 0.39 | 70 | Leveraged Equities | OTPIX vs UBPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OTPIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OTPIX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.47, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.47 | 0.56 | 0.69 | 89 | Technology | |
| Tesla, Inc. | 0.56 | 0.59 | 0.62 | 55 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.59 | 0.66 | 0.71 | 98 | Technology | |
| Amazon.com, Inc | 0.62 | 0.68 | 0.74 | 60 | Consumer Cyclical |
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