Looking to diversify beyond BIIPX? The mutual funds below have historically moved differently from BIIPX, 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 BIIPX
12 mutual funds have low correlation with BIIPX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.02 | 0.01 | 0.01 | 97 | Equity Market Neutral | BIIPX vs BDMIX | |
| iShares S&P 500 Index Fund Class K | 0.11 | 0.09 | 0.11 | 63 | S&P 500 | BIIPX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.12 | 0.10 | 0.11 | 62 | Large Cap Blend Equities | BIIPX vs VTCLX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.14 | -0.04 | -0.18 | 66 | Systematic Trend | BIIPX vs ASFYX | |
| BlackRock LifePath Index 2055 Fund - Institutional... | 0.15 | 0.14 | 0.15 | 70 | Target Retirement Date | BIIPX vs LIVIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BIIPX
Add BIIPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIIPX