Looking to diversify beyond UIPIX? The mutual funds below have the lowest correlation with UIPIX — 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 UIPIX.
Best Diversifiers for UIPIX
11 mutual funds have low correlation with UIPIX (below 0.3), 11 of which are negatively correlated. The least correlated is Fidelity Total Market Index Fund (FSKAX) (Large Cap Blend Equities) with a 1Y correlation of -0.81, roughly unchanged from -0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Total Market Index Fund | -0.81 | -0.83 | -0.87 | 71 | Large Cap Blend Equities | UIPIX vs FSKAX | |
| ProFunds UltraBull Fund | -0.76 | -0.78 | -0.84 | 60 | Leveraged Equities | UIPIX vs ULPIX | |
| ProFunds Bull Investor Fund | -0.76 | -0.78 | -0.84 | 62 | Leveraged Equities | UIPIX vs BLPIX | |
| ProFunds NASDAQ-100 Fund | -0.63 | -0.63 | -0.71 | 67 | Large Cap Growth Equities | UIPIX vs OTPIX | |
| ProFunds UltraNASDAQ-100 Fund | -0.63 | -0.64 | -0.71 | 70 | Leveraged Equities | UIPIX vs UOPIX |
See all 11 diversifiers for UIPIX
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