The S&P 500 High Beta Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. An extremely similar return profile for SPHB can be found in at least 1 other fund we are tracking.

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.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to PowerShares's S&P 500 High Beta Portfolio fund: SPDR - Global Dow. The correlation between their daily movements is 99.1%.

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
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%
Negatively Correlated PowerShares funds
DGL PowerShares DB Gold Fund -88.1%
DBP PowerShares DB Precious Metals Fund -87.6%
DBS PowerShares DB Silver Fund -84.4%
PSAU PowerShares Global Gold and Precious Metals Portfolio -83.9%
DBA PowerShares DB Agriculture Fund -64.6%

Positively Correlated Non-PowerShares funds
DGT SPDR Global Dow 99.1%
XLB SPDR Materials Select Sector Fund 98.7%
VCVLX Vanguard Mutual Funds Capital Value 98.6%
VMIAX Vanguard Mutual Funds Materials Index Admiral Shares 98.4%
ACWI iShares MSCI ACWI ETF 98.4%
Negatively Correlated Non-PowerShares funds
GLD SPDR Gold Shares -87.5%
IAU iShares Gold Trust -87.4%
SLV iShares Silver Trust -84.0%
RING iShares MSCI Global Gold Miners ETF -82.0%
SLVP iShares MSCI Global Silver Miners ETF -78.0%

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