Looking to diversify beyond MGPIX? The mutual funds below have the lowest correlation with MGPIX — 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 MGPIX.
Best Diversifiers for MGPIX
1 mutual funds have low correlation with MGPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.02, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.02 | 0.31 | 0.40 | 51 | Leveraged Equities | MGPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.53 | 0.60 | 0.63 | 67 | Leveraged Equities | MGPIX vs BIPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.54 | 0.56 | 0.65 | 92 | Leveraged Equities | MGPIX vs SMPIX | |
| ProFunds UltraJapan Fund | 0.59 | 0.60 | 0.64 | 93 | Leveraged Equities | MGPIX vs UJPIX | |
| ProFunds Technology UltraSector Fund | 0.67 | 0.67 | 0.74 | 85 | Leveraged Equities | MGPIX vs TEPIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MGPIX
Add MGPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MGPIX