Looking to diversify beyond BSNSX? The mutual funds below have historically moved differently from BSNSX, 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 BSNSX
15 mutual funds have low correlation with BSNSX (below 0.3), 1 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 -0.02, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.02 | 0.12 | 0.10 | 99 | Municipal Bonds | BSNSX vs TFCYX | |
| DFA California Municipal Real Return Portfolio | 0.01 | 0.18 | 0.22 | 89 | Municipal Bonds | BSNSX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.02 | 0.10 | 0.08 | 99 | Municipal Bonds | BSNSX vs FHMIX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.24 | 0.24 | 92 | Municipal Bonds | BSNSX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.12 | 0.14 | 100 | Municipal Bonds | BSNSX vs ATOIX |
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