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Access Flex Bear High Yield ProFund (AFBIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. It seeks to maintain inverse exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of periods favorable for the high yield market.

Looking to diversify beyond AFBIX? The mutual funds below have the lowest correlation with AFBIX — 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 AFBIX.

Best Diversifiers for AFBIX

6 mutual funds have low correlation with AFBIX (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 -0.76, roughly unchanged from -0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BLPIX
ProFunds Bull Investor Fund-0.76-0.68-0.69
51
Leveraged EquitiesAFBIX vs BLPIX
TEPIX
ProFunds Technology UltraSector Fund-0.57-0.53-0.60
56
Leveraged EquitiesAFBIX vs TEPIX
UJPIX
ProFunds UltraJapan Fund-0.51-0.43-0.44
93
Leveraged EquitiesAFBIX vs UJPIX
BIPIX
ProFunds Biotechnology UltraSector Fund-0.48-0.52-0.53
95
Leveraged EquitiesAFBIX vs BIPIX
PHPIX
ProFunds Pharmaceuticals UltraSector Fund-0.43-0.49-0.49
94
Leveraged EquitiesAFBIX vs PHPIX
See all 6 diversifiers for AFBIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AFBIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AFBIX and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.41, roughly unchanged from -0.47 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AMAT
Applied Materials, Inc.-0.41-0.39-0.47
97
Technology

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Diversification Analysis

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