Looking to diversify beyond GVPIX? The mutual funds below have historically moved differently from GVPIX, 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 GVPIX
3 mutual funds have low correlation with GVPIX (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 -0.30, down from -0.15 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 | -0.30 | -0.12 | -0.15 | 63 | Leveraged Equities | GVPIX vs ENPIX | |
| ProFunds UltraJapan Fund | 0.14 | 0.01 | -0.06 | 88 | Leveraged Equities | GVPIX vs UJPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.22 | 0.21 | 0.13 | 94 | Leveraged Equities | GVPIX vs BIPIX |
Diversification Analysis
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