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
6 mutual funds have low correlation with UKPIX (below 0.3), 6 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 | 94 | Leveraged Equities | UKPIX vs UJPIX | |
| ProFunds Technology UltraSector Fund | -0.72 | -0.64 | -0.65 | 57 | Leveraged Equities | UKPIX vs TEPIX | |
| ProFunds Bull Investor Fund | -0.70 | -0.66 | -0.68 | 52 | Leveraged Equities | UKPIX vs BLPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.67 | -0.58 | -0.61 | 77 | Leveraged Equities, Semiconductors, Technology Equities | UKPIX vs SMPIX | |
| ProFunds Biotechnology UltraSector Fund | -0.39 | -0.40 | -0.44 | 94 | Leveraged Equities | UKPIX vs BIPIX |
See all 6 diversifiers for UKPIX
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