Looking to diversify beyond BSNSX? The mutual funds below have the lowest correlation with BSNSX — 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 BSNSX.
Best Diversifiers for BSNSX
18 mutual funds have low correlation with BSNSX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.03 | 0.11 | 0.10 | 99 | Municipal Bonds | BSNSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.02 | 0.10 | 0.08 | 99 | Municipal Bonds | BSNSX vs FHMIX | |
| DFA California Municipal Real Return Portfolio | 0.03 | 0.19 | 0.22 | 95 | Municipal Bonds | BSNSX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.08 | 0.24 | 0.24 | 95 | Municipal Bonds | BSNSX vs DMREX | |
| Fidelity Flex Conservative Income Bond Fund | 0.09 | 0.20 | 0.18 | 99 | Total Bond Market | BSNSX vs FJTDX |
See all 42 diversifiers for BSNSX
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