Looking to diversify beyond BIPIX? The mutual funds below have the lowest correlation with BIPIX — 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 BIPIX.
Best Diversifiers for BIPIX
2 mutual funds have low correlation with BIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Oil Equipment & Services UltraSector ProFund (OEPIX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 0.14 | 0.26 | 0.25 | 71 | Energy Equities | BIPIX vs OEPIX | |
| ProFunds UltraLatin America Fund | 0.29 | 0.36 | 0.32 | 53 | Leveraged Equities | BIPIX vs UBPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.30 | 0.35 | 0.42 | 89 | Leveraged Equities, Semiconductors, Technology Equities | BIPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.36 | 0.42 | 0.50 | 73 | Leveraged Equities | BIPIX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.41 | 0.42 | 0.44 | 95 | Leveraged Equities | BIPIX vs UJPIX |
See all 29 diversifiers for BIPIX
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