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
23 mutual funds have low correlation with UTPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund | 0.06 | 0.03 | 0.12 | 92 | Leveraged Equities | UTPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.07 | 0.09 | 0.20 | 84 | Leveraged Equities | UTPIX vs TEPIX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 0.11 | 0.12 | 0.24 | 68 | Leveraged Equities | UTPIX vs RMQHX | |
| Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.11 | 0.13 | 0.24 | 67 | Leveraged Equities | UTPIX vs DXQLX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.11 | 0.13 | 0.24 | 65 | Leveraged Equities | UTPIX vs DXNLX |
See all 23 diversifiers for UTPIX
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