Looking to diversify beyond BIICX? The mutual funds below have the lowest correlation with BIICX — 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 BIICX.
Best Diversifiers for BIICX
3 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 -0.11, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | 0.13 | 0.20 | 76 | Diversified Portfolio | BIICX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.17 | 0.44 | 64 | Diversified Portfolio | BIICX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.10 | 0.07 | 92 | Long-Short | BIICX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.15 | -0.01 | 69 | Systematic Trend | BIICX vs ASFYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.58 | 0.63 | 96 | Diversified Portfolio | BIICX vs FIQDX |
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