Looking to diversify beyond BBISX? The mutual funds below have historically moved differently from BBISX, 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 BBISX
3 mutual funds have low correlation with BBISX (below 0.3), 0 of which are negatively correlated. The least correlated is Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) (Municipal Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sterling Capital West Virginia Intermediate Tax-Fr... | 0.06 | 0.10 | 0.05 | 63 | Municipal Bonds | BBISX vs OWVAX | |
| Sterling Capital South Carolina Intermediate Tax-F... | 0.12 | 0.10 | 0.06 | 53 | Municipal Bonds | BBISX vs BSCIX | |
| GQG Partners US Quality Dividend Income Fund | 0.23 | 0.58 | 0.71 | 62 | Quality Factor, Large Cap Value Equities | BBISX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.31 | 0.55 | 0.69 | 93 | Large Cap Value Equities | BBISX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.43 | 0.56 | 0.69 | 94 | Large Cap Value Equities | BBISX vs SVAIX |
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