Looking to diversify beyond USLUX? The mutual funds below have historically moved differently from USLUX, 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 USLUX
1 mutual funds have low correlation with USLUX (below 0.3), 1 of which are negatively correlated. The least correlated is U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | -0.02 | 0.04 | 0.05 | 99 | Ultrashort Bond | USLUX vs UGSDX | |
| U.S. Global Investors Global Resources Fund | 0.36 | 0.45 | 0.54 | 53 | Energy Equities | USLUX vs PSPFX | |
| U.S. Global Investors World Precious Minerals Fund | 0.42 | 0.37 | 0.44 | 56 | Precious Metals | USLUX vs UNWPX |
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