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
2 mutual funds have low correlation with UBPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Pharmaceuticals UltraSector Fund (PHPIX) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Pharmaceuticals UltraSector Fund | 0.27 | 0.35 | 0.34 | 79 | Leveraged Equities | UBPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.29 | 0.36 | 0.32 | 89 | Leveraged Equities | UBPIX vs BIPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.35 | 0.32 | 0.34 | 89 | Leveraged Equities, Semiconductors, Technology Equities | UBPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.38 | 0.38 | 0.36 | 73 | Leveraged Equities | UBPIX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.42 | 0.38 | 0.41 | 96 | Leveraged Equities | UBPIX vs UJPIX |
See all 20 diversifiers for UBPIX
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