Looking to diversify beyond SLPIX? The mutual funds below have the lowest correlation with SLPIX — 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 SLPIX.
Best Diversifiers for SLPIX
1 mutual funds have low correlation with SLPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.06 | 0.32 | 0.42 | 51 | Leveraged Equities | SLPIX vs ENPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.50 | 0.50 | 0.61 | 92 | Leveraged Equities | SLPIX vs SMPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.64 | 0.70 | 0.68 | 67 | Leveraged Equities | SLPIX vs BIPIX | |
| ProFunds Technology UltraSector Fund | 0.66 | 0.61 | 0.69 | 85 | Leveraged Equities | SLPIX vs TEPIX | |
| ProFunds UltraNASDAQ-100 Fund | 0.69 | 0.65 | 0.72 | 70 | Leveraged Equities | SLPIX vs UOPIX |
See all 28 diversifiers for SLPIX
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