Looking to diversify beyond UHPIX? The mutual funds below have historically moved differently from UHPIX, 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 UHPIX
6 mutual funds have low correlation with UHPIX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of -0.38, roughly unchanged from -0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | -0.38 | -0.36 | -0.40 | 80 | Semiconductors, Technology Equities | UHPIX vs FSELX | |
| ProFunds UltraJapan Fund | -0.36 | -0.32 | -0.36 | 88 | Leveraged Equities | UHPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.26 | -0.32 | -0.32 | 94 | Inverse Equities | UHPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | -0.25 | -0.32 | -0.35 | 94 | Leveraged Equities | UHPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.23 | -0.30 | -0.29 | 95 | Leveraged Equities | UHPIX vs PHPIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UHPIX
Add UHPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UHPIX