Looking to diversify beyond BIIPX? The mutual funds below have the lowest correlation with BIIPX — 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 BIIPX.
Best Diversifiers for BIIPX
12 mutual funds have low correlation with BIIPX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Technology Opportunities Fund Investor A (BGSAX) (Technology Equities) with a 1Y correlation of -0.04, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Technology Opportunities Fund Investor A | -0.04 | 0.01 | 0.07 | 66 | Technology Equities | BIIPX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.01 | 0.01 | 0.01 | 95 | Long-Short | BIIPX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.00 | 0.04 | 0.08 | 70 | Large Cap Growth Equities | BIIPX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.05 | 0.08 | 0.11 | 66 | S&P 500 | BIIPX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.06 | 0.09 | 0.11 | 64 | Large Cap Blend Equities | BIIPX vs VTCLX |
See all 26 diversifiers for BIIPX
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