Looking to diversify beyond UDPIX? The mutual funds below have historically moved differently from UDPIX, 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 UDPIX
1 mutual funds have low correlation with UDPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.09, down from 0.36 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 | -0.09 | 0.22 | 0.36 | 63 | Leveraged Equities | UDPIX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.43 | 0.58 | 0.61 | 95 | Leveraged Equities | UDPIX vs PHPIX | |
| ProFunds UltraLatin America Fund | 0.45 | 0.44 | 0.46 | 85 | Leveraged Equities | UDPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.46 | 0.53 | 0.56 | 94 | Leveraged Equities | UDPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.53 | 0.53 | 0.59 | 88 | Leveraged Equities | UDPIX vs UJPIX |
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