Looking to diversify beyond BIAPX? The mutual funds below have the lowest correlation with BIAPX — 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 BIAPX.
Best Diversifiers for BIAPX
4 mutual funds have low correlation with BIAPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | 0.48 | 70 | Diversified Portfolio | BIAPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.46 | 0.55 | 82 | Diversified Portfolio | BIAPX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.29 | 0.47 | 0.56 | 87 | Diversified Portfolio | BIAPX vs FSRRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.30 | 0.47 | 0.56 | 88 | Diversified Portfolio | BIAPX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.55 | 86 | Diversified Portfolio | BIAPX vs FSIRX |
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