Looking to diversify beyond RTPIX? The mutual funds below have historically moved differently from RTPIX, 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 RTPIX
4 mutual funds have low correlation with RTPIX (below 0.3), 3 of which are negatively correlated. The least correlated is ProFunds Biotechnology UltraSector Fund (BIPIX) (Leveraged Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Biotechnology UltraSector Fund | -0.25 | -0.20 | -0.15 | 94 | Leveraged Equities | RTPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.23 | -0.19 | -0.14 | 95 | Leveraged Equities | RTPIX vs PHPIX | |
| ProFunds UltraJapan Fund | -0.15 | -0.00 | 0.07 | 88 | Leveraged Equities | RTPIX vs UJPIX | |
| ProFunds UltraSector Oil & Gas Fund | 0.27 | 0.14 | 0.15 | 63 | Leveraged Equities | RTPIX vs ENPIX |
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