Looking to diversify beyond UKPIX? The mutual funds below have the lowest correlation with UKPIX — 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 UKPIX.
Best Diversifiers for UKPIX
10 mutual funds have low correlation with UKPIX (below 0.3), 9 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | -1.00 | -0.99 | -0.99 | 93 | Leveraged Equities | UKPIX vs UJPIX | |
| ProFunds NASDAQ-100 Fund | -0.71 | -0.64 | -0.66 | 67 | Large Cap Growth Equities | UKPIX vs OTPIX | |
| ProFunds UltraNASDAQ-100 Fund | -0.71 | -0.64 | -0.66 | 70 | Leveraged Equities | UKPIX vs UOPIX | |
| ProFunds UltraBull Fund | -0.69 | -0.66 | -0.69 | 60 | Leveraged Equities | UKPIX vs ULPIX | |
| ProFunds Bull Investor Fund | -0.69 | -0.65 | -0.68 | 62 | Leveraged Equities | UKPIX vs BLPIX |
See all 10 diversifiers for UKPIX
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