Looking to diversify beyond BIVRX? The mutual funds below have the lowest correlation with BIVRX — 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 BIVRX.
Best Diversifiers for BIVRX
20 mutual funds have low correlation with BIVRX (below 0.3), 16 of which are negatively correlated. The least correlated is USAA Nasdaq 100 Index Fund (USNQX) (Nasdaq-100) with a 1Y correlation of -0.47, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USAA Nasdaq 100 Index Fund | -0.47 | -0.39 | -0.25 | 56 | Nasdaq-100, Large Cap Growth Equities | BIVRX vs USNQX | |
| Multi-Manager Directional Alternative Strategies F... | -0.40 | -0.31 | -0.07 | 89 | Long-Short | BIVRX vs CDAZX | |
| Gotham Absolute Return Fund | -0.37 | -0.36 | -0.17 | 86 | Long-Short | BIVRX vs GARIX | |
| Meeder Spectrum Fund | -0.35 | -0.25 | -0.15 | 67 | Long-Short | BIVRX vs FLSPX | |
| AB Select US Long/Short Portfolio | -0.32 | -0.28 | -0.13 | 73 | Long-Short | BIVRX vs ASILX |
See all 21 diversifiers for BIVRX
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