Looking to diversify beyond BSPIX? The mutual funds below have historically moved differently from BSPIX, 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 BSPIX
1 mutual funds have low correlation with BSPIX (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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.08 | 0.08 | 0.11 | 59 | Inflation-Protected Bonds | BSPIX vs BKIPX | |
| Vanguard Value Index Fund Admiral Shares | 0.63 | 0.73 | 0.79 | 93 | Large Cap Value Equities | BSPIX vs VVIAX | |
| Vanguard Windsor Fund Admiral Shares | 0.70 | 0.72 | 0.81 | 80 | Large Cap Value Equities | BSPIX vs VWNEX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.70 | 0.78 | 0.86 | 69 | S&P 500 | BSPIX vs VADDX | |
| iShares MSCI EAFE International Index Fund | 0.78 | 0.72 | 0.76 | 69 | Foreign Large Cap Equities | BSPIX vs BTMKX |
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