Looking to diversify beyond USERX? The mutual funds below have historically moved differently from USERX, 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 USERX
2 mutual funds have low correlation with USERX (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 -0.05, down from 0.22 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 | -0.05 | 0.09 | 0.22 | 63 | Leveraged Equities | USERX vs ENPIX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.08 | 0.11 | 0.10 | 99 | Ultrashort Bond | USERX vs UGSDX | |
| Fidelity Select Semiconductors Portfolio | 0.37 | 0.26 | 0.27 | 80 | Semiconductors, Technology Equities | USERX vs FSELX | |
| Fidelity Emerging Asia Fund | 0.39 | 0.34 | 0.36 | 69 | Asia Pacific Equities | USERX vs FSEAX | |
| Fidelity 500 Index Fund | 0.42 | 0.28 | 0.28 | 64 | S&P 500 | USERX vs FXAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for USERX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.24, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.24 | 0.15 | 0.19 | 56 | Technology | |
| Arista Networks, Inc. | 0.28 | 0.19 | 0.22 | 71 | Technology | |
| Agnico Eagle Mines Limited | 0.86 | 0.86 | 0.85 | 56 | Basic Materials |
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