Looking to diversify beyond ULPIX? The mutual funds below have the lowest correlation with ULPIX — 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 ULPIX.
Best Diversifiers for ULPIX
1 mutual funds have low correlation with ULPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Oil Equipment & Services UltraSector ProFund (OEPIX) (Energy Equities) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 0.27 | 0.36 | 0.40 | 74 | Energy Equities | ULPIX vs OEPIX | |
| Rydex S&P 500 Pure Value Fund | 0.38 | 0.53 | 0.66 | 67 | Large Cap Value Equities | ULPIX vs RYVVX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.43 | 0.53 | 0.57 | 94 | Leveraged Equities | ULPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.47 | 0.53 | 0.58 | 95 | Leveraged Equities | ULPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.47 | 0.48 | 0.46 | 65 | Leveraged Equities | ULPIX vs UBPIX |
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