Looking to diversify beyond BSPAX? The mutual funds below have the lowest correlation with BSPAX — 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 BSPAX.
Best Diversifiers for BSPAX
1 mutual funds have low correlation with BSPAX (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 0.08, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.08 | 0.09 | 0.11 | 55 | Inflation-Protected Bonds | BSPAX vs BKIPX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.70 | 0.79 | 0.87 | 54 | S&P 500 | BSPAX vs VADDX | |
| iShares Russell 2000 Small-Cap Index Fund Class K | 0.78 | 0.77 | 0.81 | 68 | Small Cap Blend Equities | BSPAX vs BDBKX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 0.98 | 0.96 | 0.98 | 59 | S&P 500 | BSPAX vs SPINX | |
| iShares Total U.S. Stock Market Index Fund Investo... | 0.99 | 0.99 | 0.99 | 57 | Large Cap Blend Equities | BSPAX vs BASMX |
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