Looking to diversify beyond UFPIX? The mutual funds below have historically moved differently from UFPIX, 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 UFPIX
4 mutual funds have low correlation with UFPIX (below 0.3), 4 of which are negatively correlated. The least correlated is ProFunds UltraJapan Fund (UJPIX) (Leveraged Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | -0.42 | -0.39 | -0.41 | 88 | Leveraged Equities | UFPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.34 | -0.41 | -0.39 | 94 | Inverse Equities | UFPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | -0.27 | -0.36 | -0.32 | 94 | Leveraged Equities | UFPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | -0.11 | -0.27 | -0.41 | 63 | Leveraged Equities | UFPIX vs ENPIX |
Diversification Analysis
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