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 0.28, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.28 | 0.13 | 0.06 | 96 | Long-Short | BSMIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.28 | 0.14 | 64 | Systematic Trend | BSMIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.62 | 0.62 | 0.72 | 69 | Technology Equities | BSMIX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.69 | 0.67 | 0.74 | 71 | Large Cap Growth Equities | BSMIX vs NASDX | |
| Auer Growth Fund | 0.75 | 0.79 | 0.81 | 86 | Small Cap Blend Equities | BSMIX vs AUERX |
See all 38 diversifiers for BSMIX
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