Looking to diversify beyond SGPIX? The mutual funds below have the lowest correlation with SGPIX — 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 SGPIX.
Best Diversifiers for SGPIX
0 mutual funds have low correlation with SGPIX (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 0.46, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.46 | 0.49 | 0.61 | 89 | Leveraged Equities, Semiconductors, Technology Equities | SGPIX vs SMPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.54 | 0.62 | 0.63 | 89 | Leveraged Equities | SGPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.55 | 0.57 | 0.61 | 96 | Leveraged Equities | SGPIX vs UJPIX | |
| ProFunds Technology UltraSector Fund | 0.58 | 0.60 | 0.68 | 73 | Leveraged Equities | SGPIX vs TEPIX | |
| ProFunds UltraNASDAQ-100 Fund | 0.65 | 0.64 | 0.72 | 64 | Leveraged Equities | SGPIX vs UOPIX |
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