Looking to diversify beyond BASIX? The mutual funds below have the lowest correlation with BASIX — 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 BASIX.
Best Diversifiers for BASIX
9 mutual funds have low correlation with BASIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.06, up from -0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.06 | -0.29 | — | 99 | Nontraditional Bonds | BASIX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | 0.00 | 0.07 | 0.07 | 76 | Nontraditional Bonds | BASIX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | 0.01 | 0.02 | 0.08 | 64 | Nontraditional Bonds | BASIX vs PMOTX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.05 | 0.02 | 0.00 | 92 | Long-Short | BASIX vs BDMIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | BASIX vs CBYYX |
See all 26 diversifiers for BASIX
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