Looking to diversify beyond BNIVX? The mutual funds below have the lowest correlation with BNIVX — 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 BNIVX.
Best Diversifiers for BNIVX
0 mutual funds have low correlation with BNIVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.54, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.54 | 0.55 | 0.55 | 61 | Foreign Large Cap Equities | BNIVX vs IVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.55 | 0.52 | 0.52 | 83 | Foreign Large Cap Equities | BNIVX vs TIVFX | |
| EuroPac International Dividend Income Fund | 0.57 | 0.54 | 0.54 | 76 | Foreign Large Cap Equities | BNIVX vs EPDIX | |
| Thornburg Global Opportunities Fund | 0.57 | — | — | 86 | Foreign Large Cap Equities | BNIVX vs THOIX | |
| EuroPac International Dividend Income Fund Class A | 0.57 | 0.55 | 0.55 | 75 | Foreign Large Cap Equities, Dividend | BNIVX vs EPDPX |
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