Looking to diversify beyond BKIPX? The mutual funds below have the lowest correlation with BKIPX — 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 BKIPX.
Best Diversifiers for BKIPX
11 mutual funds have low correlation with BKIPX (below 0.3), 7 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 -0.04, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 Small-Cap Index Fund Class K | -0.04 | 0.10 | 0.10 | 64 | Small Cap Blend Equities | BKIPX vs BDBKX | |
| iShares Total U.S. Stock Market Index Fund Class K | -0.01 | 0.09 | 0.11 | 70 | Large Cap Blend Equities | BKIPX vs BKTSX | |
| iShares S&P 500 Index Fund Class G | -0.01 | 0.07 | 0.10 | 73 | S&P 500 | BKIPX vs BSPGX | |
| iShares S&P 500 Index Fund Institutional Class | -0.01 | 0.07 | 0.10 | 73 | S&P 500 | BKIPX vs BSPIX | |
| iShares S&P 500 Index Fund Investor P Shares | -0.01 | 0.08 | 0.10 | 71 | S&P 500 | BKIPX vs BSPPX |
See all 23 diversifiers for BKIPX
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