Looking to diversify beyond UOPIX? The mutual funds below have historically moved differently from UOPIX, 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 UOPIX
2 mutual funds have low correlation with UOPIX (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 -0.16, down from 0.17 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 | -0.16 | 0.05 | 0.17 | 63 | Leveraged Equities | UOPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.28 | 0.29 | 0.30 | 77 | Energy Equities | UOPIX vs OEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.33 | 0.40 | 0.45 | 95 | Leveraged Equities | UOPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.40 | 0.45 | 0.52 | 94 | Leveraged Equities | UOPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.46 | 0.43 | 0.39 | 85 | Leveraged Equities | UOPIX vs UBPIX |
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