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
12 mutual funds have low correlation with UHPIX (below 0.3), 12 of which are negatively correlated. The least correlated is ProFunds Bull Investor Fund (BLPIX) (Leveraged Equities) with a 1Y correlation of -0.47, 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 | -0.47 | -0.42 | -0.43 | 55 | Leveraged Equities | UHPIX vs BLPIX | |
| ProFunds UltraBull Fund | -0.46 | -0.42 | -0.43 | 51 | Leveraged Equities | UHPIX vs ULPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.75X Fund | -0.46 | -0.41 | -0.45 | 61 | Leveraged Equities | UHPIX vs DXQLX | |
| ProFunds UltraNASDAQ-100 Fund | -0.46 | -0.41 | -0.45 | 63 | Leveraged Equities | UHPIX vs UOPIX | |
| ProFunds NASDAQ-100 Fund | -0.46 | -0.41 | -0.45 | 61 | Large Cap Growth Equities | UHPIX vs OTPIX |
See all 12 diversifiers for UHPIX
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