Looking to diversify beyond SOPIX? The mutual funds below have the lowest correlation with SOPIX — 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 SOPIX.
Best Diversifiers for SOPIX
14 mutual funds have low correlation with SOPIX (below 0.3), 14 of which are negatively correlated. The least correlated is ProFunds UltraNASDAQ-100 Fund (UOPIX) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraNASDAQ-100 Fund | -1.00 | -0.99 | -0.99 | 70 | Leveraged Equities | SOPIX vs UOPIX | |
| ProFunds NASDAQ-100 Fund | -1.00 | -0.98 | -0.99 | 68 | Large Cap Growth Equities | SOPIX vs OTPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | -1.00 | -0.98 | -0.98 | 65 | Leveraged Equities | SOPIX vs DXNLX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | -1.00 | -0.99 | -0.99 | 67 | Leveraged Equities | SOPIX vs RMQAX | |
| Fidelity 500 Index Fund | -0.94 | -0.93 | -0.93 | 75 | S&P 500 | SOPIX vs FXAIX |
See all 14 diversifiers for SOPIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SOPIX
Add SOPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOPIX