Looking to diversify beyond UMPIX? The mutual funds below have the lowest correlation with UMPIX — 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 UMPIX.
Best Diversifiers for UMPIX
0 mutual funds have low correlation with UMPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.45, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.45 | 0.49 | 0.61 | 88 | Leveraged Equities, Semiconductors, Technology Equities | UMPIX vs SMPIX | |
| ProFunds UltraLatin America Fund | 0.47 | 0.51 | 0.52 | 52 | Leveraged Equities | UMPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.51 | 0.59 | 0.60 | 85 | Leveraged Equities | UMPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.53 | 0.62 | 0.61 | 73 | Leveraged Equities | UMPIX vs PHPIX | |
| ProFunds UltraJapan Fund | 0.55 | 0.58 | 0.63 | 95 | Leveraged Equities | UMPIX vs UJPIX |
See all 16 diversifiers for UMPIX
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Diversification Analysis
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