Looking to diversify beyond BIVRX? The mutual funds below have historically moved differently from BIVRX, 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 BIVRX
18 mutual funds have low correlation with BIVRX (below 0.3), 15 of which are negatively correlated. The least correlated is Multi-Manager Directional Alternative Strategies Fund (CDAZX) (Long-Short) with a 1Y correlation of -0.41, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Multi-Manager Directional Alternative Strategies F... | -0.41 | -0.32 | -0.09 | 85 | Long-Short | BIVRX vs CDAZX | |
| Gotham Absolute Return Fund | -0.40 | -0.37 | -0.18 | 89 | Long-Short | BIVRX vs GARIX | |
| Meeder Spectrum Fund | -0.37 | -0.26 | -0.15 | 71 | Long-Short | BIVRX vs FLSPX | |
| Fidelity Advisor Small Cap Fund Class C | -0.35 | -0.17 | -0.08 | 74 | Small Cap Blend Equities | BIVRX vs FSCEX | |
| AB Select US Long/Short Portfolio | -0.32 | -0.27 | -0.13 | 71 | Long-Short | BIVRX vs ASILX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BIVRX
Add BIVRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIVRX