Looking to diversify beyond BSIIX? The mutual funds below have historically moved differently from BSIIX, 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 BSIIX
23 mutual funds have low correlation with BSIIX (below 0.3), 5 of which are negatively correlated. The least correlated is BlackRock Energy Opportunities Fund (BACAX) (Energy Equities) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Energy Opportunities Fund | -0.30 | -0.05 | 0.03 | 81 | Energy Equities | BSIIX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.30 | -0.05 | 0.03 | 82 | Energy Equities | BSIIX vs BACIX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.19 | -0.08 | -0.08 | 85 | Tactical Allocation | BSIIX vs PBAIX | |
| BlackRock Tactical Opportunities Fund | -0.18 | -0.08 | -0.08 | 82 | Multistrategy | BSIIX vs PCBAX | |
| BlackRock Commodity Strategies Fund Class K | -0.02 | 0.10 | 0.17 | 86 | Commodities | BSIIX vs BCSKX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSIIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.07 | 0.06 | 66 | Consumer Defensive | |
| Realty Income Corporation | 0.19 | 0.32 | 0.29 | 74 | Real Estate | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.41 | 0.29 | 0.32 | 89 | ||
| Nuveen AMT-Free Quality Municipal Income Fund | 0.49 | 0.55 | 0.50 | 76 | Financial Services |
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