Looking to diversify beyond UPDDX? The mutual funds below have the lowest correlation with UPDDX — 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 UPDDX.
Best Diversifiers for UPDDX
1 mutual funds have low correlation with UPDDX (below 0.3), 1 of which are negatively correlated. The least correlated is Edgar Lomax Value Fund (LOMAX) (Large Cap Value Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Edgar Lomax Value Fund | -0.03 | -0.03 | -0.03 | 84 | Large Cap Value Equities | UPDDX vs LOMAX | |
| American Century Investments Focused Large Cap Val... | 0.32 | 0.32 | 0.32 | 51 | Large Cap Value Equities | UPDDX vs ALVIX | |
| O'Shaughnessy Market Leaders Value Fund | 0.34 | 0.34 | 0.34 | 50 | Large Cap Value Equities | UPDDX vs OFVIX | |
| Hennessy Cornerstone Value Fund | 0.35 | 0.35 | 0.35 | 81 | Large Cap Value Equities | UPDDX vs HFCVX | |
| Columbia Dividend Income Fund Class S | 0.43 | 0.43 | 0.43 | 79 | Large Cap Value Equities | UPDDX vs GFSDX |
See all 96 diversifiers for UPDDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements UPDDX
Add UPDDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UPDDX