Looking to diversify beyond UCAGX? The mutual funds below have the lowest correlation with UCAGX — 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 UCAGX.
Best Diversifiers for UCAGX
2 mutual funds have low correlation with UCAGX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.00, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.14 | 0.48 | 67 | Diversified Portfolio | UCAGX vs MHELX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | UCAGX vs CBYYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.60 | 0.66 | 88 | Diversified Portfolio | UCAGX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.60 | 0.66 | 82 | Diversified Portfolio | UCAGX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.60 | 0.66 | 86 | Diversified Portfolio | UCAGX vs FSIRX |
See all 38 diversifiers for UCAGX
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