Looking to diversify beyond BIICX? The mutual funds below have historically moved differently from BIICX, 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 BIICX
4 mutual funds have low correlation with BIICX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.06 | 0.17 | 77 | Diversified Portfolio | BIICX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.12 | 0.42 | 66 | Diversified Portfolio | BIICX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.26 | 0.12 | 0.08 | 98 | Equity Market Neutral | BIICX vs BDMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.28 | 0.51 | 0.58 | 95 | Large Cap Value Equities | BIICX vs SVAIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.31 | 0.16 | -0.03 | 63 | Systematic Trend | BIICX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BIICX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.53 | 0.56 | 0.66 | 88 |
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