Looking to diversify beyond BBISX? The mutual funds below have the lowest correlation with BBISX — 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 BBISX.
Best Diversifiers for BBISX
4 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 0.07, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sterling Capital West Virginia Intermediate Tax-Fr... | 0.07 | 0.10 | 0.05 | 68 | Municipal Bonds | BBISX vs OWVAX | |
| Sterling Capital South Carolina Intermediate Tax-F... | 0.13 | 0.11 | 0.05 | 63 | Municipal Bonds | BBISX vs BSCIX | |
| Sterling Capital Virginia Intermediate Tax Free Fu... | 0.14 | 0.12 | 0.07 | 57 | Municipal Bonds | BBISX vs BVATX | |
| Sterling Capital North Carolina Intermediate Tax-F... | 0.18 | 0.13 | 0.06 | 56 | Municipal Bonds | BBISX vs BBNTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.46 | 0.57 | 0.70 | 78 | Large Cap Value Equities | BBISX vs SVAIX |
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