Looking to diversify beyond UTPIX? The mutual funds below have historically moved differently from UTPIX, 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 UTPIX
10 mutual funds have low correlation with UTPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraJapan Fund (UJPIX) (Leveraged Equities) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | 0.07 | 0.11 | 0.18 | 88 | Leveraged Equities | UTPIX vs UJPIX | |
| ProFunds UltraSector Oil & Gas Fund | 0.10 | 0.22 | 0.25 | 63 | Leveraged Equities | UTPIX vs ENPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.11 | 0.24 | 0.30 | 94 | Leveraged Equities | UTPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.12 | 0.29 | 0.38 | 95 | Leveraged Equities | UTPIX vs PHPIX | |
| Rydex Japan 2x Strategy Fund | 0.12 | 0.18 | 0.24 | 62 | Leveraged Equities | UTPIX vs RYJSX |
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