Looking to diversify beyond UHPIX? The mutual funds below have the lowest correlation with UHPIX — 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 UHPIX.
Best Diversifiers for UHPIX
8 mutual funds have low correlation with UHPIX (below 0.3), 8 of which are negatively correlated. The least correlated is ProFunds Bull Investor Fund (BLPIX) (Leveraged Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | -0.48 | -0.41 | -0.43 | 51 | Leveraged Equities | UHPIX vs BLPIX | |
| Fidelity Select Semiconductors Portfolio | -0.42 | -0.37 | -0.40 | 92 | Semiconductors, Technology Equities | UHPIX vs FSELX | |
| ProFunds Technology UltraSector Fund | -0.41 | -0.37 | -0.42 | 56 | Leveraged Equities | UHPIX vs TEPIX | |
| ProFunds UltraJapan Fund | -0.39 | -0.33 | -0.37 | 93 | Leveraged Equities | UHPIX vs UJPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.38 | -0.33 | -0.39 | 76 | Leveraged Equities, Semiconductors, Technology Equities | UHPIX vs SMPIX |
See all 8 diversifiers for UHPIX
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