Looking to diversify beyond UTBPX? The mutual funds below have historically moved differently from UTBPX, 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 UTBPX
1 mutual funds have low correlation with UTBPX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Equities) with a 1Y correlation of 0.27, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.27 | 0.17 | 0.16 | 77 | Emerging Markets Equities | UTBPX vs EMPTX | |
| PACE International Emerging Markets Equity Investm... | 0.33 | 0.21 | 0.20 | 83 | Emerging Markets Equities | UTBPX vs PCEMX | |
| Holbrook Income Fund Class I | 0.36 | 0.30 | 0.36 | 99 | Intermediate Core-Plus Bond | UTBPX vs HOBIX | |
| PACE Large Co Value Equity Investments | 0.41 | 0.28 | 0.23 | 88 | Large Cap Value Equities | UTBPX vs PCLVX | |
| UBS US Dividend Ruler Fund | 0.46 | 0.28 | 0.26 | 57 | Large Cap Value Equities | UTBPX vs DVRUX |
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