Looking to diversify beyond BSMAX? The mutual funds below have historically moved differently from BSMAX, 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 BSMAX
1 mutual funds have low correlation with BSMAX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.05 | 0.09 | 0.11 | 57 | Inflation-Protected Bonds | BSMAX vs BKIPX | |
| Hennessy Cornerstone Growth Fund | 0.72 | 0.83 | 0.82 | 53 | Small Cap Blend Equities | BSMAX vs HFCGX | |
| iShares MSCI Total International Index Fund Class ... | 0.76 | 0.73 | 0.76 | 55 | Foreign Large Cap Equities | BSMAX vs BDOKX | |
| iShares S&P 500 Index Fund Institutional Class | 0.80 | 0.80 | 0.85 | 53 | S&P 500 | BSMAX vs BSPIX | |
| iShares S&P 500 Index Fund Class G | 0.80 | 0.80 | 0.85 | 54 | S&P 500 | BSMAX vs BSPGX |
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