Looking to diversify beyond PHPIX? The mutual funds below have the lowest correlation with PHPIX — 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 PHPIX.
Best Diversifiers for PHPIX
2 mutual funds have low correlation with PHPIX (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 0.25, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.25 | 0.28 | 0.34 | 88 | Leveraged Equities, Semiconductors, Technology Equities | PHPIX vs SMPIX | |
| ProFunds UltraLatin America Fund | 0.27 | 0.35 | 0.34 | 52 | Leveraged Equities | PHPIX vs UBPIX | |
| ProFunds Technology UltraSector Fund | 0.31 | 0.37 | 0.42 | 71 | Leveraged Equities | PHPIX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.36 | 0.40 | 0.42 | 95 | Leveraged Equities | PHPIX vs UJPIX | |
| USAA Nasdaq 100 Index Fund | 0.37 | 0.41 | 0.46 | 69 | Nasdaq-100, Large Cap Growth Equities | PHPIX vs USNQX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PHPIX
Add PHPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHPIX