Looking to diversify beyond UJPIX? The mutual funds below have the lowest correlation with UJPIX — 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 UJPIX.
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 -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.04 | 0.13 | 0.25 | 51 | Leveraged Equities | UJPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.24 | 0.33 | 0.36 | 91 | Energy Equities | UJPIX vs OEPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.40 | 0.41 | 0.44 | 67 | Leveraged Equities | UJPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.45 | 0.40 | 0.41 | 70 | Leveraged Equities | UJPIX vs UBPIX | |
| ProFunds Small Cap Value Fund | 0.50 | 0.51 | 0.56 | 59 | Small Cap Value Equities | UJPIX vs SVPIX |
See all 30 diversifiers for UJPIX
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