Looking to diversify beyond BISMX? The mutual funds below have the lowest correlation with BISMX — 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 BISMX.
Best Diversifiers for BISMX
1 mutual funds have low correlation with BISMX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | 0.25 | 0.31 | 0.30 | 53 | Long-Short | BISMX vs QLEIX | |
| Aegis Value Fund | 0.38 | 0.50 | 0.60 | 94 | Small Cap Value Equities | BISMX vs AVALX | |
| Virtus Technology Fund | 0.52 | 0.46 | 0.54 | 66 | Technology Equities | BISMX vs DRGTX | |
| Thornburg Investment Income Builder Fund Class I | 0.55 | 0.64 | 0.71 | 98 | Diversified Portfolio | BISMX vs TIBIX | |
| Fidelity NASDAQ Composite Index Fund | 0.57 | 0.51 | 0.57 | 68 | Large Cap Growth Equities | BISMX vs FNCMX |
See all 21 diversifiers for BISMX
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