Looking to diversify beyond BISMX? The mutual funds below have historically moved differently from BISMX, 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 BISMX
2 mutual funds have low correlation with BISMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of 0.00, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | 0.00 | 0.23 | 0.40 | 73 | Infrastructure Equities, Energy Equities | BISMX vs GLEIX | |
| AQR Long-Short Equity Fund | 0.22 | 0.31 | 0.29 | 80 | Long-Short | BISMX vs QLEIX | |
| Aegis Value Fund Class I | 0.41 | 0.49 | 0.59 | 95 | Small Cap Value Equities | BISMX vs AVALX | |
| Pear Tree Polaris International Opportunities Fund | 0.44 | 0.59 | 0.64 | 51 | Foreign Small & Mid Cap Equities | BISMX vs QISIX | |
| Hood River International Opportunity Fund | 0.51 | 0.58 | — | 64 | Foreign Small & Mid Cap Equities | BISMX vs HRIOX |
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