Looking to diversify beyond BIOPX? The mutual funds below have the lowest correlation with BIOPX — 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 BIOPX.
Best Diversifiers for BIOPX
2 mutual funds have low correlation with BIOPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Pharmaceuticals Portfolio (FPHAX) (Health & Biotech Equities) with a 1Y correlation of 0.25, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Pharmaceuticals Portfolio | 0.25 | 0.35 | 0.43 | 59 | Health & Biotech Equities | BIOPX vs FPHAX | |
| Victory Global Energy Transition Fund | 0.29 | 0.36 | 0.41 | 95 | Energy Equities | BIOPX vs RSNRX | |
| ICON Equity Fund | 0.53 | 0.54 | 0.66 | 84 | Large Cap Growth Equities | BIOPX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.57 | 0.67 | 0.72 | 80 | Large Cap Growth Equities | BIOPX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.60 | 0.59 | 0.64 | 61 | Foreign Large Cap Equities | BIOPX vs VTMGX |
See all 35 diversifiers for BIOPX
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