Looking to diversify beyond UDBPX? The mutual funds below have the lowest correlation with UDBPX — 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 UDBPX.
Best Diversifiers for UDBPX
4 mutual funds have low correlation with UDBPX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Diversified) with a 1Y correlation of 0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.04 | 0.05 | 0.01 | 86 | Emerging Markets Diversified | UDBPX vs EMPTX | |
| DFA Two Year Global Fixed Income Portfolio | 0.19 | 0.08 | 0.38 | 100 | Global Bonds | UDBPX vs DFGFX | |
| Dunham International Opportunity Bond Fund | 0.28 | 0.49 | 0.45 | 60 | Global Bonds | UDBPX vs DAIOX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.29 | 0.40 | 0.36 | 98 | Global Bonds | UDBPX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.35 | 0.67 | 0.58 | 91 | Global Bonds | UDBPX vs EAIIX |
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