Looking to diversify beyond BITSX? The mutual funds below have historically moved differently from BITSX, 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 BITSX
0 mutual funds have low correlation with BITSX (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 0.36, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.17 | 0.14 | 97 | Large Cap Blend Equities | BITSX vs SVPFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.21 | 0.12 | 97 | Equity Market Neutral | BITSX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.44 | 0.33 | 0.15 | 66 | Systematic Trend | BITSX vs ASFYX | |
| North Square Preferred and Income Securities Fund | 0.54 | 0.35 | 0.41 | 59 | Preferred Stock | BITSX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.61 | 0.74 | 0.82 | 89 | Large Cap Blend Equities | BITSX vs RCKSX |
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