Looking to diversify beyond SGPIX? The mutual funds below have historically moved differently from SGPIX, 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 SGPIX
1 mutual funds have low correlation with SGPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.04, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.04 | 0.26 | 0.38 | 63 | Leveraged Equities | SGPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.51 | 0.63 | 0.63 | 94 | Leveraged Equities | SGPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.58 | 0.57 | 0.61 | 88 | Leveraged Equities | SGPIX vs UJPIX | |
| Driehaus Micro Cap Growth Fund | 0.74 | 0.81 | 0.84 | 82 | Small Cap Growth Equities | SGPIX vs DMCRX | |
| Invesco Discovery Fund Class R6 | 0.74 | 0.83 | 0.86 | 64 | Small Cap Growth Equities | SGPIX vs ODIIX |
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