Looking to diversify beyond UDPIX? The mutual funds below have the lowest correlation with UDPIX — 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 UDPIX.
Best Diversifiers for UDPIX
0 mutual funds have low correlation with UDPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.39, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.39 | 0.43 | 0.54 | 88 | Leveraged Equities, Semiconductors, Technology Equities | UDPIX vs SMPIX | |
| ProFunds UltraLatin America Fund | 0.45 | 0.44 | 0.46 | 52 | Leveraged Equities | UDPIX vs UBPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.47 | 0.59 | 0.62 | 73 | Leveraged Equities | UDPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.48 | 0.52 | 0.56 | 85 | Leveraged Equities | UDPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.55 | 0.53 | 0.60 | 95 | Leveraged Equities | UDPIX vs UJPIX |
See all 18 diversifiers for UDPIX
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