Looking to diversify beyond BLPIX? The mutual funds below have the lowest correlation with BLPIX — 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 BLPIX.
Best Diversifiers for BLPIX
1 mutual funds have low correlation with BLPIX (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 0.28, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Oil Equipment & Services UltraSector ProFund | 0.28 | 0.37 | 0.41 | 70 | Energy Equities | BLPIX vs OEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.47 | 0.55 | 0.58 | 73 | Leveraged Equities | BLPIX vs PHPIX | |
| ProFunds UltraLatin America Fund | 0.47 | 0.48 | 0.46 | 52 | Leveraged Equities | BLPIX vs UBPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.50 | 0.54 | 0.59 | 85 | Leveraged Equities | BLPIX vs BIPIX | |
| ProFunds Small Cap Value Fund | 0.68 | 0.69 | 0.75 | 63 | Small Cap Value Equities | BLPIX vs SVPIX |
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