Looking to diversify beyond BIVIX? The mutual funds below have the lowest correlation with BIVIX — 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 BIVIX.
Best Diversifiers for BIVIX
19 mutual funds have low correlation with BIVIX (below 0.3), 12 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of -0.43, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | -0.43 | -0.40 | -0.19 | 59 | Long-Short | BIVIX vs NELIX | |
| Multi-Manager Directional Alternative Strategies F... | -0.39 | -0.30 | -0.04 | 81 | Long-Short | BIVIX vs CDAZX | |
| Gotham Absolute Return Fund | -0.29 | -0.35 | -0.13 | 89 | Long-Short | BIVIX vs GARIX | |
| Meeder Spectrum Fund | -0.26 | -0.23 | -0.12 | 74 | Long-Short | BIVIX vs FLSPX | |
| AB Select US Long/Short Portfolio | -0.25 | -0.27 | -0.11 | 80 | Long-Short | BIVIX vs ASILX |
See all 19 diversifiers for BIVIX
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