Looking to diversify beyond BSHIX? The mutual funds below have the lowest correlation with BSHIX — 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 BSHIX.
Best Diversifiers for BSHIX
9 mutual funds have low correlation with BSHIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.15, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.15 | 0.30 | 0.42 | 99 | Municipal Bonds | BSHIX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.24 | 0.35 | 99 | Municipal Bonds | BSHIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.32 | 0.38 | 99 | Municipal Bonds | BSHIX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.20 | 0.31 | 0.41 | 99 | Municipal Bonds | BSHIX vs DFCMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.27 | — | 100 | Municipal Bonds | BSHIX vs DFABX |
See all 16 diversifiers for BSHIX
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