Looking to diversify beyond BOPIX? The mutual funds below have historically moved differently from BOPIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BOPIX
2 mutual funds have low correlation with BOPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) (Municipal Bonds) with a 1Y correlation of 0.20, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sterling Capital West Virginia Intermediate Tax-Fr... | 0.20 | 0.11 | 0.10 | 63 | Municipal Bonds | BOPIX vs OWVAX | |
| Sterling Capital South Carolina Intermediate Tax-F... | 0.21 | 0.13 | 0.12 | 53 | Municipal Bonds | BOPIX vs BSCIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.13 | 97 | Large Cap Blend Equities | BOPIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.43 | 0.32 | 0.39 | 59 | Preferred Stock | BOPIX vs ORDNX | |
| Muhlenkamp Fund | 0.57 | 0.68 | 0.70 | 59 | Large Cap Blend Equities | BOPIX vs MUHLX |
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