Looking to diversify beyond UWPIX? The mutual funds below have the lowest correlation with UWPIX — 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 UWPIX.
Best Diversifiers for UWPIX
6 mutual funds have low correlation with UWPIX (below 0.3), 6 of which are negatively correlated. The least correlated is ProFunds Bull Investor Fund (BLPIX) (Leveraged Equities) with a 1Y correlation of -0.80, roughly unchanged from -0.86 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | -0.80 | -0.80 | -0.86 | 52 | Leveraged Equities | UWPIX vs BLPIX | |
| ProFunds Technology UltraSector Fund | -0.53 | -0.57 | -0.67 | 57 | Leveraged Equities | UWPIX vs TEPIX | |
| ProFunds UltraJapan Fund | -0.53 | -0.52 | -0.59 | 94 | Leveraged Equities | UWPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.51 | -0.59 | -0.58 | 96 | Inverse Equities | UWPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | -0.48 | -0.52 | -0.56 | 94 | Leveraged Equities | UWPIX vs BIPIX |
See all 6 diversifiers for UWPIX
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