Looking to diversify beyond BKPIX? The mutual funds below have the lowest correlation with BKPIX — 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 BKPIX.
Best Diversifiers for BKPIX
5 mutual funds have low correlation with BKPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) (Leveraged Equities) with a 1Y correlation of 0.14, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.14 | 0.25 | 0.38 | 88 | Leveraged Equities, Semiconductors, Technology Equities | BKPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.24 | 0.33 | 0.43 | 71 | Leveraged Equities | BKPIX vs TEPIX | |
| ProFunds UltraJapan Fund | 0.27 | 0.37 | 0.47 | 95 | Leveraged Equities | BKPIX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | 0.29 | 0.39 | 0.45 | 79 | Leveraged Equities | BKPIX vs RYJSX | |
| ProFunds Biotechnology UltraSector Fund | 0.29 | 0.42 | 0.45 | 85 | Leveraged Equities | BKPIX vs BIPIX |
See all 16 diversifiers for BKPIX
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