Looking to diversify beyond BOPIX? The mutual funds below have the lowest correlation with BOPIX — 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 BOPIX.
Best Diversifiers for BOPIX
4 mutual funds have low correlation with BOPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Sterling Capital South Carolina Intermediate Tax-Free Fund (BSCIX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sterling Capital South Carolina Intermediate Tax-F... | 0.10 | 0.11 | 0.10 | 59 | Municipal Bonds | BOPIX vs BSCIX | |
| Sterling Capital West Virginia Intermediate Tax-Fr... | 0.11 | 0.09 | 0.08 | 66 | Municipal Bonds | BOPIX vs OWVAX | |
| Sterling Capital Virginia Intermediate Tax Free Fu... | 0.13 | 0.12 | 0.11 | 51 | Municipal Bonds | BOPIX vs BVATX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.24 | 0.11 | 0.12 | 70 | Large Cap Blend Equities | BOPIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.38 | 0.31 | 0.39 | 72 | Large Cap Blend Equities | BOPIX vs ORDNX |
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