Looking to diversify beyond SOPIX? The mutual funds below have historically moved differently from SOPIX, 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 SOPIX
6 mutual funds have low correlation with SOPIX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity 500 Index Fund (FXAIX) (S&P 500) with a 1Y correlation of -0.93, roughly unchanged from -0.93 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | -0.93 | -0.93 | -0.93 | 64 | S&P 500 | SOPIX vs FXAIX | |
| ProFunds UltraJapan Fund | -0.78 | -0.68 | -0.67 | 88 | Leveraged Equities | SOPIX vs UJPIX | |
| ProFunds UltraLatin America Fund | -0.46 | -0.43 | -0.39 | 85 | Leveraged Equities | SOPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | -0.40 | -0.44 | -0.52 | 94 | Leveraged Equities | SOPIX vs BIPIX | |
| Comstock Capital Value Fund | -0.36 | -0.44 | -0.48 | 94 | Inverse Equities | SOPIX vs DRCVX |
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