Looking to diversify beyond UPUPX? The mutual funds below have historically moved differently from UPUPX, 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 UPUPX
0 mutual funds have low correlation with UPUPX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.37, down from 0.49 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.37 | 0.49 | — | 99 | Technology Equities | UPUPX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.44 | 0.52 | 0.59 | 58 | Technology Equities | UPUPX vs GTTIX | |
| Fidelity Select Tech Hardware Portfolio | 0.73 | 0.73 | 0.75 | 94 | Technology Equities | UPUPX vs FDCPX | |
| ICON Health and Information Technology Fund | 0.74 | 0.70 | 0.69 | 85 | Technology Equities | UPUPX vs ICTEX | |
| Columbia Seligman Premium Technology Growth Fund | 0.75 | 0.69 | 0.70 | 88 | Technology Equities, Options Trading, Actively Managed | UPUPX vs STK |
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