Looking to diversify beyond BPLSX? The mutual funds below have the lowest correlation with BPLSX — 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 BPLSX.
Best Diversifiers for BPLSX
4 mutual funds have low correlation with BPLSX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | 0.19 | 0.16 | 0.26 | 64 | Long-Short | BPLSX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.19 | 0.17 | 0.26 | 63 | Long-Short | BPLSX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.24 | 0.40 | 0.51 | 63 | Long-Short | BPLSX vs KCEIX | |
| Guggenheim Alpha Opportunity Fund | 0.27 | 0.37 | 0.46 | 53 | Long-Short | BPLSX vs SAOAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.18 | 0.16 | 91 | Long-Short | BPLSX vs BDMIX |
See all 19 diversifiers for BPLSX
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