Looking to diversify beyond BRPIX? The mutual funds below have the lowest correlation with BRPIX — 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 BRPIX.
Best Diversifiers for BRPIX
9 mutual funds have low correlation with BRPIX (below 0.3), 9 of which are negatively correlated. The least correlated is ProFunds UltraBull Fund (ULPIX) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraBull Fund | -1.00 | -0.99 | -0.99 | 51 | Leveraged Equities | BRPIX vs ULPIX | |
| ProFunds Bull Investor Fund | -1.00 | -0.98 | -0.99 | 55 | Leveraged Equities | BRPIX vs BLPIX | |
| ProFunds NASDAQ-100 Fund | -0.93 | -0.91 | -0.93 | 61 | Large Cap Growth Equities | BRPIX vs OTPIX | |
| ProFunds UltraNASDAQ-100 Fund | -0.93 | -0.92 | -0.93 | 63 | Leveraged Equities | BRPIX vs UOPIX | |
| ProFunds Technology UltraSector Fund | -0.85 | -0.87 | -0.89 | 71 | Leveraged Equities | BRPIX vs TEPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRPIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRPIX and solid risk/return profiles. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.57, up from -0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.57 | -0.64 | -0.68 | 98 | Technology |
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