Looking to diversify beyond UTPIX? The mutual funds below have the lowest correlation with UTPIX — 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 UTPIX.
Best Diversifiers for UTPIX
12 mutual funds have low correlation with UTPIX (below 0.3), 2 of which are negatively correlated. The least correlated is ProFunds Technology UltraSector Fund (TEPIX) (Leveraged Equities) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Technology UltraSector Fund | -0.02 | 0.07 | 0.18 | 57 | Leveraged Equities | UTPIX vs TEPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | -0.01 | 0.01 | 0.10 | 77 | Leveraged Equities, Semiconductors, Technology Equities | UTPIX vs SMPIX | |
| ProFunds UltraJapan Fund | 0.06 | 0.11 | 0.18 | 94 | Leveraged Equities | UTPIX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | 0.12 | 0.18 | 0.24 | 78 | Leveraged Equities | UTPIX vs RYJSX | |
| ProFunds Bull Investor Fund | 0.13 | 0.26 | 0.37 | 52 | Leveraged Equities | UTPIX vs BLPIX |
See all 12 diversifiers for UTPIX
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