Looking to diversify beyond SHPIX? The mutual funds below have the lowest correlation with SHPIX — 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 SHPIX.
Best Diversifiers for SHPIX
9 mutual funds have low correlation with SHPIX (below 0.3), 9 of which are negatively correlated. The least correlated is ProFunds Bull Investor Fund (BLPIX) (Leveraged Equities) with a 1Y correlation of -0.80, roughly unchanged from -0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | -0.80 | -0.78 | -0.82 | 55 | Leveraged Equities | SHPIX vs BLPIX | |
| ProFunds UltraBull Fund | -0.80 | -0.78 | -0.82 | 51 | Leveraged Equities | SHPIX vs ULPIX | |
| ProFunds NASDAQ-100 Fund | -0.69 | -0.66 | -0.72 | 61 | Large Cap Growth Equities | SHPIX vs OTPIX | |
| ProFunds UltraNASDAQ-100 Fund | -0.69 | -0.65 | -0.72 | 63 | Leveraged Equities | SHPIX vs UOPIX | |
| ProFunds Technology UltraSector Fund | -0.64 | -0.62 | -0.69 | 71 | Leveraged Equities | SHPIX vs TEPIX |
See all 9 diversifiers for SHPIX
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