Looking to diversify beyond BTPIX? The mutual funds below have historically moved differently from BTPIX, 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 BTPIX
5 mutual funds have low correlation with BTPIX (below 0.3), 4 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.11, roughly unchanged from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.11 | -0.08 | — | 54 | Long-Short | BTPIX vs QAMNX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.04 | -0.04 | -0.04 | 97 | Long-Short | BTPIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.03 | -0.03 | -0.04 | 97 | Long-Short | BTPIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | -0.02 | 0.06 | 0.08 | 96 | Long-Short | BTPIX vs KCEIX | |
| Salient MLP & Energy Infrastructure Fund | 0.04 | 0.12 | 0.22 | 74 | Infrastructure Equities, Energy Equities | BTPIX vs SMLPX |
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