Looking to diversify beyond GVPIX? The mutual funds below have the lowest correlation with GVPIX — 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 GVPIX.
Best Diversifiers for GVPIX
8 mutual funds have low correlation with GVPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.04 | 0.03 | 0.00 | 88 | Leveraged Equities, Semiconductors, Technology Equities | GVPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.11 | 0.08 | 0.03 | 71 | Leveraged Equities | GVPIX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.12 | 0.02 | -0.08 | 95 | Leveraged Equities | GVPIX vs UJPIX | |
| ProFunds UltraNASDAQ-100 Fund | 0.16 | 0.12 | 0.05 | 63 | Leveraged Equities | GVPIX vs UOPIX | |
| ProFunds NASDAQ-100 Fund | 0.16 | 0.11 | 0.05 | 61 | Large Cap Growth Equities | GVPIX vs OTPIX |
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