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ProFunds UltraLatin America Fund (UBPIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks daily investment results, before fees and expenses that correspond to two times (2x) the daily performance of the S&P/BNY Mellon Latin America 35 ADRSM Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to track the performance of a basket of companies that are domiciled in Latin America and who also have level II or III ADR program, New York Shares or Global Registered Shares listed with the NYSE OR Nasdaq. It is non-diversified.

Looking to diversify beyond UBPIX? The mutual funds below have the lowest correlation with UBPIX — 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 UBPIX.

Best Diversifiers for UBPIX

1 mutual funds have low correlation with UBPIX (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 0.17, down from 0.43 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENPIX
ProFunds UltraSector Oil & Gas Fund0.170.300.43
51
Leveraged EquitiesUBPIX vs ENPIX
BIPIX
ProFunds Biotechnology UltraSector Fund0.310.360.32
67
Leveraged EquitiesUBPIX vs BIPIX
SMPIX
ProFunds Semiconductor UltraSector Fund0.360.320.34
92
Leveraged EquitiesUBPIX vs SMPIX
TEPIX
ProFunds Technology UltraSector Fund0.390.370.36
85
Leveraged EquitiesUBPIX vs TEPIX
OTPIX
ProFunds NASDAQ-100 Fund0.440.410.39
67
Large Cap Growth EquitiesUBPIX vs OTPIX
See all 22 diversifiers for UBPIX

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