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
16 mutual funds have low correlation with BIVRX (below 0.3), 10 of which are negatively correlated. The least correlated is USAA Nasdaq 100 Index Fund (USNQX) (Nasdaq-100) with a 1Y correlation of -0.41, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USAA Nasdaq 100 Index Fund | -0.41 | -0.37 | -0.23 | 69 | Nasdaq-100, Large Cap Growth Equities | BIVRX vs USNQX | |
| Gotham Absolute Return Fund | -0.33 | -0.35 | -0.15 | 82 | Long-Short | BIVRX vs GARIX | |
| Meeder Spectrum Fund | -0.31 | -0.24 | -0.13 | 67 | Long-Short | BIVRX vs FLSPX | |
| AB Select US Long/Short Portfolio | -0.31 | -0.27 | -0.12 | 77 | Long-Short | BIVRX vs ASILX | |
| Fidelity Advisor Small Cap Fund Class C | -0.23 | -0.14 | -0.06 | 72 | Small Cap Blend Equities | BIVRX vs FSCEX |
See all 16 diversifiers for BIVRX
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