Looking to diversify beyond BSCMX? The mutual funds below have historically moved differently from BSCMX, 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 BSCMX
4 mutual funds have low correlation with BSCMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of 0.02, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | 0.02 | 0.32 | 0.49 | 82 | Infrastructure Equities, Energy Equities | BSCMX vs GLEIX | |
| AQR Long-Short Equity Fund | 0.18 | 0.24 | 0.28 | 78 | Long-Short | BSCMX vs QLEIX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.23 | 0.41 | 0.58 | 50 | Large Cap Blend Equities | BSCMX vs QKACX | |
| Federated Hermes Clover Small Value Fund | 0.27 | 0.53 | 0.69 | 71 | Small Cap Value Equities | BSCMX vs VSFAX | |
| Aegis Value Fund Class I | 0.33 | 0.46 | 0.54 | 94 | Small Cap Value Equities | BSCMX vs AVALX |
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