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
8 mutual funds have low correlation with SOPIX (below 0.3), 8 of which are negatively correlated. The least correlated is ProFunds Technology UltraSector Fund (TEPIX) (Leveraged Equities) with a 1Y correlation of -0.94, roughly unchanged from -0.96 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Technology UltraSector Fund | -0.94 | -0.94 | -0.96 | 57 | Leveraged Equities | SOPIX vs TEPIX | |
| ProFunds Bull Investor Fund | -0.93 | -0.92 | -0.93 | 52 | Leveraged Equities | SOPIX vs BLPIX | |
| Fidelity 500 Index Fund | -0.93 | -0.93 | -0.93 | 63 | S&P 500 | SOPIX vs FXAIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.83 | -0.83 | -0.86 | 77 | Leveraged Equities, Semiconductors, Technology Equities | SOPIX vs SMPIX | |
| ProFunds UltraJapan Fund | -0.74 | -0.66 | -0.67 | 94 | Leveraged Equities | SOPIX vs UJPIX |
See all 8 diversifiers for SOPIX
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Diversification Analysis
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