Looking to diversify beyond BRPIX? The mutual funds below have historically moved differently from BRPIX, 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 BRPIX
4 mutual funds have low correlation with BRPIX (below 0.3), 3 of which are negatively correlated. The least correlated is ProFunds UltraJapan Fund (UJPIX) (Leveraged Equities) with a 1Y correlation of -0.72, roughly unchanged from -0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | -0.72 | -0.66 | -0.68 | 88 | Leveraged Equities | BRPIX vs UJPIX | |
| Comstock Capital Value Fund | -0.46 | -0.55 | -0.57 | 94 | Inverse Equities | BRPIX vs DRCVX | |
| ProFunds Biotechnology UltraSector Fund | -0.45 | -0.52 | -0.57 | 94 | Leveraged Equities | BRPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | 0.14 | -0.14 | -0.29 | 63 | Leveraged Equities | BRPIX vs ENPIX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRPIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.60, roughly unchanged from -0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.60 | -0.64 | -0.68 | 95 | Technology |
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