Looking to diversify beyond BSL? The mutual funds below have historically moved differently from BSL, 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 BSL
29 mutual funds have low correlation with BSL (below 0.3), 2 of which are negatively correlated. The least correlated is RiverPark Short Term High Yield Fund (RPHIX) (High Yield Bonds) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.03 | 0.05 | 0.08 | 100 | High Yield Bonds | BSL vs RPHIX | |
| Pioneer ILS Interval Fund | -0.02 | 0.05 | 0.02 | 100 | High Yield Bonds | BSL vs XILSX | |
| Fairholme Focused Income Fund | 0.00 | 0.15 | 0.25 | 73 | High Yield Bonds | BSL vs FOCIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.04 | 0.16 | 0.27 | 74 | High Yield Bonds | BSL vs FHYSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.08 | 0.09 | 0.06 | 100 | Bank Loan, High Yield Bonds | BSL vs CCLFX |
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