Looking to diversify beyond BIPIX? The mutual funds below have historically moved differently from BIPIX, 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 BIPIX
3 mutual funds have low correlation with BIPIX (below 0.3), 1 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | -0.15 | 0.09 | 0.15 | 63 | Leveraged Equities | BIPIX vs ENPIX | |
| Oil Equipment & Services UltraSector ProFund | 0.11 | 0.26 | 0.25 | 77 | Energy Equities | BIPIX vs OEPIX | |
| ProFunds UltraLatin America Fund | 0.27 | 0.36 | 0.32 | 85 | Leveraged Equities | BIPIX vs UBPIX | |
| ProFunds Small Cap Value Fund | 0.37 | 0.57 | 0.55 | 81 | Small Cap Value Equities | BIPIX vs SVPIX | |
| ProFunds Large Cap Value ProFund | 0.39 | 0.52 | 0.55 | 74 | Large Cap Value Equities | BIPIX vs LVPIX |
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