Looking to diversify beyond UXPIX? The mutual funds below have the lowest correlation with UXPIX — 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 UXPIX.
Best Diversifiers for UXPIX
9 mutual funds have low correlation with UXPIX (below 0.3), 9 of which are negatively correlated. The least correlated is ProFunds UltraBull Fund (ULPIX) (Leveraged Equities) with a 1Y correlation of -0.75, roughly unchanged from -0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraBull Fund | -0.75 | -0.71 | -0.76 | 62 | Leveraged Equities | UXPIX vs ULPIX | |
| ProFunds Bull Investor Fund | -0.75 | -0.70 | -0.75 | 63 | Leveraged Equities | UXPIX vs BLPIX | |
| ProFunds UltraJapan Fund | -0.68 | -0.61 | -0.66 | 93 | Leveraged Equities | UXPIX vs UJPIX | |
| ProFunds NASDAQ-100 Fund | -0.67 | -0.62 | -0.67 | 68 | Large Cap Growth Equities | UXPIX vs OTPIX | |
| ProFunds UltraNASDAQ-100 Fund | -0.66 | -0.63 | -0.67 | 70 | Leveraged Equities | UXPIX vs UOPIX |
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