Looking to diversify beyond BSIIX? The mutual funds below have the lowest correlation with BSIIX — 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 BSIIX.
Best Diversifiers for BSIIX
5 mutual funds have low correlation with BSIIX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.26, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.26 | -0.10 | -0.08 | 66 | Tactical Allocation | BSIIX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.02 | -0.01 | -0.00 | 92 | Long-Short | BSIIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.13 | -0.08 | -0.17 | 67 | Systematic Trend | BSIIX vs ASFYX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.17 | -0.19 | 99 | Total Bond Market | BSIIX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.29 | 0.46 | 0.46 | 100 | Total Bond Market | BSIIX vs VUBFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BSIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSIIX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.08 | 0.07 | 69 | Consumer Defensive | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.46 | 0.56 | 0.49 | 78 | Financial Services |
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