Looking to diversify beyond BSL? The mutual funds below have the lowest correlation with BSL — 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 BSL.
Best Diversifiers for BSL
28 mutual funds have low correlation with BSL (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.06 | 0.05 | 0.02 | 100 | High Yield Bonds | BSL vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.01 | 0.05 | 0.09 | 100 | High Yield Bonds | BSL vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.04 | 0.18 | 0.27 | 67 | High Yield Bonds | BSL vs FHYSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.09 | 0.06 | 100 | High Yield Bonds | BSL vs CCLFX | |
| Changing Parameters Fund | 0.09 | 0.11 | 0.15 | 84 | High Yield Bonds | BSL vs CPMPX |
See all 28 diversifiers for BSL
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