Looking to diversify beyond UEIPX? The mutual funds below have the lowest correlation with UEIPX — 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 UEIPX.
Best Diversifiers for UEIPX
1 mutual funds have low correlation with UEIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.29, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.29 | 0.41 | 0.54 | 51 | Global Equities | UEIPX vs CSUAX | |
| PACE Municipal Fixed Income Investments | 0.32 | 0.23 | 0.18 | 74 | Municipal Bonds | UEIPX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.35 | 0.29 | 0.24 | 54 | Intermediate Core Bond | UEIPX vs PCGTX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.36 | 0.50 | 0.57 | 92 | Emerging Markets Diversified | UEIPX vs EMPTX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.39 | 0.60 | 0.70 | 76 | Global Equities | UEIPX vs RTXAX |
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