Looking to diversify beyond UKPIX? The mutual funds below have historically moved differently from UKPIX, 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 UKPIX
4 mutual funds have low correlation with UKPIX (below 0.3), 3 of which are negatively correlated. The least correlated is ProFunds UltraJapan Fund (UJPIX) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | -1.00 | -0.99 | -0.99 | 88 | Leveraged Equities | UKPIX vs UJPIX | |
| ProFunds Biotechnology UltraSector Fund | -0.41 | -0.41 | -0.44 | 94 | Leveraged Equities | UKPIX vs BIPIX | |
| Comstock Capital Value Fund | -0.28 | -0.36 | -0.38 | 94 | Inverse Equities | UKPIX vs DRCVX | |
| ProFunds UltraSector Oil & Gas Fund | 0.09 | -0.10 | -0.22 | 63 | Leveraged Equities | UKPIX vs ENPIX |
Diversification Analysis
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