Looking to diversify beyond BMPIX? The mutual funds below have the lowest correlation with BMPIX — 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 BMPIX.
Best Diversifiers for BMPIX
2 mutual funds have low correlation with BMPIX (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 0.22, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.22 | 0.32 | 0.45 | 76 | Leveraged Equities, Semiconductors, Technology Equities | BMPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.30 | 0.42 | 0.52 | 56 | Leveraged Equities | BMPIX vs TEPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.33 | 0.49 | 0.51 | 94 | Leveraged Equities | BMPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.34 | 0.44 | 0.46 | 95 | Leveraged Equities | BMPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.41 | 0.42 | 0.51 | 93 | Leveraged Equities | BMPIX vs UJPIX |
See all 11 diversifiers for BMPIX
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