Looking to diversify beyond BIRIX? The mutual funds below have the lowest correlation with BIRIX — 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 BIRIX.
Best Diversifiers for BIRIX
0 mutual funds have low correlation with BIRIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.14 | 0.13 | 72 | Large Cap Blend Equities | BIRIX vs SVPFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.41 | 0.25 | 0.16 | 95 | Long-Short | BIRIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.43 | 0.32 | 0.16 | 60 | Systematic Trend | BIRIX vs ASFYX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.34 | 0.42 | 69 | Large Cap Blend Equities | BIRIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.61 | 0.70 | 0.80 | 62 | Large Cap Blend Equities | BIRIX vs RCKSX |
See all 43 diversifiers for BIRIX
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