Looking to diversify beyond ULPIX? The mutual funds below have historically moved differently from ULPIX, 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 ULPIX
2 mutual funds have low correlation with ULPIX (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 -0.14, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.14 | 0.15 | 0.30 | 63 | Leveraged Equities | ULPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.29 | 0.36 | 0.40 | 77 | Energy Equities | ULPIX vs OEPIX | |
| Rydex S&P 500 Pure Value Fund | 0.36 | 0.53 | 0.66 | 89 | Large Cap Value Equities | ULPIX vs RYVVX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.41 | 0.53 | 0.57 | 95 | Leveraged Equities | ULPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.46 | 0.53 | 0.58 | 94 | Leveraged Equities | ULPIX vs BIPIX |
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