Looking to diversify beyond TEPIX? The mutual funds below have the lowest correlation with TEPIX — 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 TEPIX.
Best Diversifiers for TEPIX
2 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 -0.12, 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 | -0.12 | 0.06 | 0.18 | 51 | Leveraged Equities | TEPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.22 | 0.27 | 0.29 | 91 | Energy Equities | TEPIX vs OEPIX | |
| Comstock Capital Value Fund | 0.30 | 0.39 | 0.45 | 97 | Inverse Equities | TEPIX vs DRCVX | |
| ProFunds UltraLatin America Fund | 0.39 | 0.37 | 0.36 | 70 | Leveraged Equities | TEPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.39 | 0.42 | 0.50 | 67 | Leveraged Equities | TEPIX vs BIPIX |
See all 33 diversifiers for TEPIX
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