Looking to diversify beyond SVPIX? The mutual funds below have historically moved differently from SVPIX, 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 SVPIX
1 mutual funds have low correlation with SVPIX (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 0.44 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 | 0.06 | 0.30 | 0.44 | 63 | Leveraged Equities | SVPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.37 | 0.57 | 0.55 | 94 | Leveraged Equities | SVPIX vs BIPIX | |
| Aegis Value Fund Class I | 0.40 | 0.46 | 0.54 | 94 | Small Cap Value Equities | SVPIX vs AVALX | |
| ProFunds UltraJapan Fund | 0.47 | 0.49 | 0.55 | 88 | Leveraged Equities | SVPIX vs UJPIX | |
| Palm Valley Capital Fund Investor Class | 0.71 | 0.69 | 0.66 | 73 | Small Cap Value Equities | SVPIX vs PVCMX |
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