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BlackRock Commodity Strategies Portfolio (BICSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks total return. The adviser utilizes two strategies and under normal circumstances expects to invest approximately 50% of its total assets in each strategy. One strategy focuses on investments in commodity-linked derivatives. To meet coverage and collateral requirements associated with these derivative investments, and to invest excess cash, the fund holds a portion of its portfolio in investment-grade short-term fixed-income securities. The other strategy focuses on equity investments in commodity-related companies, including, but not limited to, companies operating in the mining, energy and agricultural sectors.

Looking to diversify beyond BICSX? The mutual funds below have the lowest correlation with BICSX — 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 BICSX.

Best Diversifiers for BICSX

10 mutual funds have low correlation with BICSX (below 0.3), 0 of which are negatively correlated. The least correlated is Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) (Large Cap Growth Equities) with a 1Y correlation of 0.10, down from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.100.230.29
75
Large Cap Growth EquitiesBICSX vs NASDX
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.110.040.03
92
Long-ShortBICSX vs BDMIX
VFIAX
Vanguard 500 Index Fund Admiral Shares0.140.300.39
73
S&P 500, Large Cap Blend EquitiesBICSX vs VFIAX
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares0.140.310.39
81
Diversified PortfolioBICSX vs VTMFX
WFSPX
iShares S&P 500 Index Fund0.150.300.39
73
S&P 500BICSX vs WFSPX
See all 46 diversifiers for BICSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BICSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BICSX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.01, down from 0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.010.130.21
78
Technology

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