Looking to diversify beyond BIOPX? The mutual funds below have historically moved differently from BIOPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BIOPX
3 mutual funds have low correlation with BIOPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care Fund Admiral Shares (VGHAX) (Health & Biotech Equities) with a 1Y correlation of 0.19, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Health Care Fund Admiral Shares | 0.19 | 0.34 | 0.47 | 76 | Health & Biotech Equities | BIOPX vs VGHAX | |
| Baron Real Estate Income Fund | 0.20 | 0.36 | 0.50 | 57 | REIT | BIOPX vs BRIIX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.22 | 0.33 | 0.42 | 90 | Health & Biotech Equities | BIOPX vs FPHAX | |
| Victory Global Energy Transition Fund | 0.34 | 0.36 | 0.40 | 96 | Energy Equities | BIOPX vs RSNRX | |
| ICON Equity Fund | 0.57 | 0.55 | 0.66 | 80 | Large Cap Growth Equities | BIOPX vs IOLZX |
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