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
1 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 0.25, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | 0.25 | 0.33 | 0.46 | 88 | Leveraged Equities, Semiconductors, Technology Equities | BMPIX vs SMPIX | |
| ProFunds Technology UltraSector Fund | 0.34 | 0.43 | 0.53 | 71 | Leveraged Equities | BMPIX vs TEPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.38 | 0.44 | 0.47 | 85 | Leveraged Equities | BMPIX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.38 | 0.50 | 0.51 | 73 | Leveraged Equities | BMPIX vs PHPIX | |
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.39 | 0.47 | 0.55 | 59 | Leveraged Equities | BMPIX vs DXNLX |
See all 18 diversifiers for BMPIX
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