Looking to diversify beyond UUPIX? The mutual funds below have historically moved differently from UUPIX, 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 UUPIX
1 mutual funds have low correlation with UUPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.09, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.09 | 0.13 | 0.26 | 63 | Leveraged Equities | UUPIX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.34 | 0.39 | 0.39 | 95 | Leveraged Equities | UUPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.37 | 0.41 | 0.44 | 94 | Leveraged Equities | UUPIX vs BIPIX | |
| ProFunds UltraLatin America Fund | 0.57 | 0.62 | 0.61 | 85 | Leveraged Equities | UUPIX vs UBPIX | |
| Rydex Russell 2000 2x Strategy Fund | 0.61 | 0.58 | 0.63 | 65 | Leveraged Equities | UUPIX vs RYRUX |
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