Looking to diversify beyond UVPIX? The mutual funds below have historically moved differently from UVPIX, 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 UVPIX
4 mutual funds have low correlation with UVPIX (below 0.3), 3 of which are negatively correlated. The least correlated is ProFunds UltraJapan Fund (UJPIX) (Leveraged Equities) with a 1Y correlation of -0.64, roughly unchanged from -0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | -0.64 | -0.55 | -0.58 | 88 | Leveraged Equities | UVPIX vs UJPIX | |
| ProFunds Biotechnology UltraSector Fund | -0.37 | -0.41 | -0.44 | 94 | Leveraged Equities | UVPIX vs BIPIX | |
| Comstock Capital Value Fund | -0.36 | -0.42 | -0.43 | 94 | Inverse Equities | UVPIX vs DRCVX | |
| ProFunds UltraSector Oil & Gas Fund | 0.09 | -0.14 | -0.26 | 63 | Leveraged Equities | UVPIX vs ENPIX |
Diversification Analysis
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