Looking to diversify beyond BTPIX? The mutual funds below have the lowest correlation with BTPIX — 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 BTPIX.
Best Diversifiers for BTPIX
3 mutual funds have low correlation with BTPIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.08, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.08 | -0.05 | -0.04 | 88 | Long-Short | BTPIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.06 | -0.04 | -0.03 | 88 | Long-Short | BTPIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.06 | 0.10 | 0.11 | 61 | Long-Short | BTPIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.37 | 0.17 | 0.12 | 96 | Long-Short | BTPIX vs BDMIX | |
| Quantitative U.S. Long/Short Equity Portfolio | 0.37 | 0.25 | 0.26 | 73 | Long-Short | BTPIX vs GTAPX |
See all 17 diversifiers for BTPIX
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