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
7 mutual funds have low correlation with UIPIX (below 0.3), 7 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.
| 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 Bull Investor Fund | -0.75 | -0.78 | -0.84 | 52 | Leveraged Equities | UIPIX vs BLPIX | |
| ProFunds UltraJapan Fund | -0.58 | -0.58 | -0.63 | 94 | Leveraged Equities | UIPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.58 | -0.68 | -0.65 | 96 | Inverse Equities | UIPIX vs DRCVX | |
| ProFunds Technology UltraSector Fund | -0.58 | -0.60 | -0.68 | 57 | Leveraged Equities | UIPIX vs TEPIX |
See all 7 diversifiers for UIPIX
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