The S&P 500 High Beta Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There is at least 1 fund that is incredibly highly correlated with SPHB.
Within the PowerShares family of funds, the most positively correlated other funds are Fundamental Pure Mid Growth Portfolio, FTSE RAFI US 1500 Small-Mid Portfolio, Fundamental Pure Small Growth Portfolio, Fundamental Pure Small Value Portfolio, DWA Basic Materials Momentum Portfolio.
Outside of the PowerShares family, the most positively correlated other funds are SPDR - Global Dow, SPDR - Materials Select Sector Fund, Vanguard Mutual Funds - Capital Value, Vanguard Mutual Funds - Materials Index Admiral Shares, iShares - MSCI ACWI ETF.
|PXMG||PowerShares||Fundamental Pure Mid Growth Portfolio||98.7%|
|PRFZ||PowerShares||FTSE RAFI US 1500 Small-Mid Portfolio||97.7%|
|PXSG||PowerShares||Fundamental Pure Small Growth Portfolio||97.7%|
|PXSV||PowerShares||Fundamental Pure Small Value Portfolio||97.6%|
|PYZ||PowerShares||DWA Basic Materials Momentum Portfolio||97.6%|
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