Looking to diversify beyond SLPIX? The mutual funds below have historically moved differently from SLPIX, 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 SLPIX
1 mutual funds have low correlation with SLPIX (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 -0.03, 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 | -0.03 | 0.27 | 0.38 | 62 | Leveraged Equities | SLPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.58 | 0.70 | 0.68 | 93 | Leveraged Equities | SLPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.63 | 0.59 | 0.62 | 86 | Leveraged Equities | SLPIX vs UJPIX | |
| Auer Growth Fund | 0.75 | 0.79 | 0.81 | 90 | Small Cap Blend Equities | SLPIX vs AUERX | |
| Voya Index Plus SmallCap Portfolio | 0.83 | 0.88 | 0.92 | 92 | Small Cap Blend Equities | SLPIX vs IPSIX |
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