Looking to diversify beyond UPAAX? The mutual funds below have historically moved differently from UPAAX, 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 UPAAX
0 mutual funds have low correlation with UPAAX (below 0.3), 0 of which are negatively correlated. The least correlated is American Beacon AHL TargetRisk Fund (AHTPX) (Tactical Allocation) with a 1Y correlation of 0.60, roughly unchanged from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Beacon AHL TargetRisk Fund | 0.60 | 0.60 | 0.60 | 66 | Tactical Allocation | UPAAX vs AHTPX | |
| Hilton Tactical Income Fund Institutional Class | 0.60 | 0.60 | 0.60 | 50 | Tactical Allocation | UPAAX vs HCYIX | |
| Arrow DWA Tactical: Balanced Fund | 0.79 | 0.79 | 0.79 | 54 | Tactical Allocation | UPAAX vs DWAFX | |
| PFG Meeder Tactical Strategy Fund | 0.81 | 0.81 | 0.81 | 59 | Tactical Allocation | UPAAX vs PFTEX | |
| Eaton Vance Richard Bernstein All Asset Strategy F... | 0.83 | 0.83 | 0.83 | 55 | Tactical Allocation | UPAAX vs EIRAX |
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