Looking to diversify beyond BMPIX? The mutual funds below have historically moved differently from BMPIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BMPIX
3 mutual funds have low correlation with BMPIX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.10, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.10 | 0.31 | 0.45 | 63 | Leveraged Equities | BMPIX vs ENPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 0.28 | 0.48 | 0.50 | 95 | Leveraged Equities | BMPIX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 0.29 | 0.43 | 0.45 | 94 | Leveraged Equities | BMPIX vs BIPIX | |
| ProFunds UltraJapan Fund | 0.38 | 0.42 | 0.50 | 88 | Leveraged Equities | BMPIX vs UJPIX | |
| Rydex Japan 2x Strategy Fund | 0.42 | 0.47 | 0.54 | 62 | Leveraged Equities | BMPIX vs RYJSX |
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