Looking to diversify beyond BMSIX? The mutual funds below have the lowest correlation with BMSIX — 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 BMSIX.
Best Diversifiers for BMSIX
7 mutual funds have low correlation with BMSIX (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 0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.06 | 0.03 | 0.01 | 92 | Long-Short | BMSIX vs BDMIX | |
| Nationwide Strategic Income A | 0.08 | 0.30 | 0.27 | 99 | Multisector Bonds | BMSIX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.09 | 0.14 | — | 70 | Multisector Bonds | BMSIX vs CBRDX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.13 | -0.11 | -0.24 | 67 | Systematic Trend | BMSIX vs ASFYX | |
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.34 | 0.27 | 99 | Multisector Bonds | BMSIX vs NWXHX |
See all 31 diversifiers for BMSIX
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