Looking to diversify beyond BSBIX? The mutual funds below have historically moved differently from BSBIX, 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 BSBIX
9 mutual funds have low correlation with BSBIX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.04 | 0.03 | 0.15 | 78 | Short-Term Bond | BSBIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.48 | 0.57 | 55 | Short-Term Bond | BSBIX vs GPARX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.18 | 0.30 | 0.33 | 99 | Ultrashort Bond | BSBIX vs BUBIX | |
| Vanguard Equity Income Fund Admiral Shares | 0.22 | 0.12 | 0.09 | 90 | Dividend, Large Cap Value Equities | BSBIX vs VEIRX | |
| GuidepathConservative Income Fund | 0.26 | 0.35 | 0.44 | 99 | Short-Term Bond | BSBIX vs GPICX |
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