Looking to diversify beyond PMPIX? The mutual funds below have the lowest correlation with PMPIX — 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 PMPIX.
Best Diversifiers for PMPIX
4 mutual funds have low correlation with PMPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Oil Equipment & Services UltraSector ProFund (OEPIX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 0.14 | 0.24 | 0.27 | 70 | Energy Equities | PMPIX vs OEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.23 | 0.22 | 0.24 | 73 | Leveraged Equities | PMPIX vs PHPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.28 | 0.21 | 0.20 | 88 | Leveraged Equities, Semiconductors, Technology Equities | PMPIX vs SMPIX | |
| ProFunds Small Cap Value Fund | 0.29 | 0.27 | 0.27 | 63 | Small Cap Value Equities | PMPIX vs SVPIX | |
| Fidelity Select Semiconductors Portfolio | 0.30 | 0.24 | 0.22 | 96 | Semiconductors, Technology Equities | PMPIX vs FSELX |
See all 27 diversifiers for PMPIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PMPIX
Add PMPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PMPIX