Looking to diversify beyond PHPIX? The mutual funds below have historically moved differently from PHPIX, 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 PHPIX
2 mutual funds have low correlation with PHPIX (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 -0.15, down from 0.20 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 | -0.15 | 0.13 | 0.20 | 63 | Leveraged Equities | PHPIX vs ENPIX | |
| ProFunds UltraLatin America Fund | 0.24 | 0.34 | 0.33 | 85 | Leveraged Equities | PHPIX vs UBPIX | |
| ProFunds UltraJapan Fund | 0.33 | 0.38 | 0.40 | 88 | Leveraged Equities | PHPIX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | 0.38 | 0.43 | 0.44 | 62 | Leveraged Equities | PHPIX vs RYJSX | |
| Comstock Capital Value Fund | 0.38 | 0.49 | 0.47 | 94 | Inverse Equities | PHPIX vs DRCVX |
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