Looking to diversify beyond BKIPX? The mutual funds below have historically moved differently from BKIPX, 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 BKIPX
14 mutual funds have low correlation with BKIPX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Russell 2000 Small-Cap Index Fund Class K (BDBKX) (Small Cap Blend Equities) with a 1Y correlation of 0.02, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 Small-Cap Index Fund Class K | 0.02 | 0.09 | 0.11 | 76 | Small Cap Blend Equities | BKIPX vs BDBKX | |
| iShares Russell Small/Mid-Cap Index Fund Investor ... | 0.05 | 0.08 | 0.11 | 75 | Small Cap Blend Equities | BKIPX vs BSMAX | |
| iShares S&P 500 Index Fund Institutional Class | 0.08 | 0.08 | 0.11 | 60 | S&P 500 | BKIPX vs BSPIX | |
| iShares S&P 500 Index Fund Class G | 0.08 | 0.08 | 0.11 | 60 | S&P 500 | BKIPX vs BSPGX | |
| iShares S&P 500 Index Fund Investor P Shares | 0.08 | 0.08 | 0.11 | 56 | S&P 500 | BKIPX vs BSPPX |
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