Looking to diversify beyond UIPIX? The mutual funds below have historically moved differently from UIPIX, 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 UIPIX
5 mutual funds have low correlation with UIPIX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity Total Market Index Fund (FSKAX) (Large Cap Blend Equities) with a 1Y correlation of -0.80, roughly unchanged from -0.88 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Total Market Index Fund | -0.80 | -0.83 | -0.88 | 63 | Large Cap Blend Equities | UIPIX vs FSKAX | |
| ProFunds UltraJapan Fund | -0.59 | -0.58 | -0.62 | 88 | Leveraged Equities | UIPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.57 | -0.68 | -0.65 | 94 | Inverse Equities | UIPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | -0.46 | -0.59 | -0.60 | 94 | Leveraged Equities | UIPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | -0.01 | -0.30 | -0.41 | 63 | Leveraged Equities | UIPIX vs ENPIX |
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