Looking to diversify beyond BLSIX? The mutual funds below have the lowest correlation with BLSIX — 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 BLSIX.
Best Diversifiers for BLSIX
1 mutual funds have low correlation with BLSIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.21, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.21 | 0.08 | 0.04 | 92 | Long-Short | BLSIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.47 | 0.33 | 0.16 | 67 | Systematic Trend | BLSIX vs ASFYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.65 | 0.70 | 86 | Emerging Markets Diversified | BLSIX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.66 | 0.76 | 0.79 | 94 | Emerging Markets Diversified | BLSIX vs EMPTX | |
| iShares S&P 500 Index Fund | 0.68 | 0.64 | 0.63 | 73 | S&P 500 | BLSIX vs WFSPX |
See all 31 diversifiers for BLSIX
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