Looking to diversify beyond UGPIX? The mutual funds below have the lowest correlation with UGPIX — 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 UGPIX.
Best Diversifiers for UGPIX
2 mutual funds have low correlation with UGPIX (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 -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.05 | 0.14 | 0.18 | 51 | Leveraged Equities | UGPIX vs ENPIX | |
| Vanguard Equity Income Fund Investor Shares | 0.29 | 0.36 | 0.33 | 67 | Large Cap Value Equities | UGPIX vs VEIPX | |
| ProFunds UltraLatin America Fund | 0.32 | 0.45 | 0.40 | 70 | Leveraged Equities | UGPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.33 | 0.35 | 0.36 | 67 | Leveraged Equities | UGPIX vs BIPIX | |
| ProFunds Semiconductor UltraSector Fund | 0.40 | 0.35 | 0.39 | 92 | Leveraged Equities | UGPIX vs SMPIX |
See all 19 diversifiers for UGPIX
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