Looking to diversify beyond UJPIX? The mutual funds below have historically moved differently from UJPIX, 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 UJPIX
2 mutual funds have low correlation with UJPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.09 | 0.10 | 0.22 | 63 | Leveraged Equities | UJPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.27 | 0.32 | 0.35 | 77 | Energy Equities | UJPIX vs OEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.33 | 0.38 | 0.40 | 95 | Leveraged Equities | UJPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.41 | 0.42 | 0.44 | 94 | Leveraged Equities | UJPIX vs BIPIX | |
| ProFunds Large Cap Value ProFund | 0.43 | 0.47 | 0.55 | 74 | Large Cap Value Equities | UJPIX vs LVPIX |
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