Looking to diversify beyond TEPIX? The mutual funds below have historically moved differently from TEPIX, 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 TEPIX
4 mutual funds have low correlation with TEPIX (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 -0.13, 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 | -0.13 | 0.06 | 0.17 | 63 | Leveraged Equities | TEPIX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.28 | 0.35 | 0.41 | 95 | Leveraged Equities | TEPIX vs PHPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.29 | 0.29 | 0.30 | 77 | Energy Equities | TEPIX vs OEPIX | |
| Comstock Capital Value Fund | 0.29 | 0.38 | 0.44 | 94 | Inverse Equities | TEPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | 0.36 | 0.41 | 0.49 | 94 | Leveraged Equities | TEPIX vs BIPIX |
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