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iShares Russell Small/Mid-Cap Index Fund (BSMIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund seeks to track the investment results of the Russell 2500 Index, which measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The underlying index is a subset of the Russell 3000 Index. The fund generally invests at least 90% of its assets, plus the amount of any borrowing for investment purposes, in securities of the underlying index.

Looking to diversify beyond BSMIX? The mutual funds below have the lowest correlation with BSMIX — 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 BSMIX.

Best Diversifiers for BSMIX

1 mutual funds have low correlation with BSMIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.25, up from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.250.130.05
92
Long-ShortBSMIX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.380.270.13
67
Systematic TrendBSMIX vs ASFYX
NASDX
Shelton Capital Management Nasdaq-100 Index Fund D...0.690.660.73
75
Large Cap Growth EquitiesBSMIX vs NASDX
AUERX
Auer Growth Fund0.750.790.81
90
Small Cap Blend EquitiesBSMIX vs AUERX
WFSPX
iShares S&P 500 Index Fund0.800.790.84
73
S&P 500BSMIX vs WFSPX
See all 33 diversifiers for BSMIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BSMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BSMIX and solid risk/return profiles. The least correlated is Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of 0.01, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DMLP
Dorchester Minerals, L.P.0.010.160.23
52
Energy

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Diversification Analysis

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