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ProFunds Small Cap Growth Fund (SGPIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks investment results, before fees and expenses, that track the performance of the S&P SmallCap 600 Growth Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should track the performance of the index. The index is designed to provide a comprehensive measure of small-cap U.S. equity growth performance. It is an unmanaged float-adjusted, market capitalization-weighted index comprising of stocks from the S&P SmallCap 600 that have been identified as being on the growth end of the growth-value spectrum as determined by S&P Dow Jones Indices LLC.

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.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SMPIX
ProFunds Semiconductor UltraSector Fund Investor C...0.460.490.61
77
Leveraged Equities, Semiconductors, Technology EquitiesSGPIX vs SMPIX
BIPIX
ProFunds Biotechnology UltraSector Fund0.540.630.63
94
Leveraged EquitiesSGPIX vs BIPIX
UJPIX
ProFunds UltraJapan Fund0.550.570.61
94
Leveraged EquitiesSGPIX vs UJPIX
TEPIX
ProFunds Technology UltraSector Fund0.580.600.68
57
Leveraged EquitiesSGPIX vs TEPIX
DMCRX
Driehaus Micro Cap Growth Fund0.740.810.84
89
Small Cap Growth EquitiesSGPIX vs DMCRX
See all 19 diversifiers for SGPIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SGPIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGPIX and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.24, down from 0.53 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
MSCI
MSCI Inc.0.240.390.53
57
Financial Services

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Diversification Analysis

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