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Brandes International Small Cap Equity Fund (BISAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The fund invests at least 80% of its net assets measured at the time of purchase in equity securities of small market capitalization companies located in at least three countries outside the United States. The fund manager considers a company to be a small capitalization company if it has a market capitalization of $5 billion or less at the time of purchase. The fund may invest up to 30% of its total assets, measured at the time of purchase, in securities of companies located in emerging markets (including frontier markets).

Looking to diversify beyond BISAX? The mutual funds below have historically moved differently from BISAX, 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 BISAX

0 mutual funds have low correlation with BISAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, down from 0.56 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QIACX
Federated Hermes MDT All Cap Core Fund0.310.410.56
53
Large Cap Blend EquitiesBISAX vs QIACX
OBSOX
Oberweis Small-Cap Opportunities Fund0.420.500.59
66
Small Cap Growth EquitiesBISAX vs OBSOX
HRIOX
Hood River International Opportunity Fund0.510.58—
72
Foreign Small & Mid Cap EquitiesBISAX vs HRIOX
EICOX
Eaton Vance Emerging and Frontier Countries Equity...0.510.590.66
54
Emerging Markets EquitiesBISAX vs EICOX
TIBAX
Thornburg Investment Income Builder Fund0.520.630.70
98
Global AllocationBISAX vs TIBAX
See all 41 diversifiers for BISAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for BISAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.10, down from 0.40 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.100.270.40
61
Financial Services
NVDA
NVIDIA Corporation0.210.260.39
56
Technology

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