Looking to diversify beyond BXFIX? The mutual funds below have the lowest correlation with BXFIX — 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 BXFIX.
Best Diversifiers for BXFIX
3 mutual funds have low correlation with BXFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.14, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.14 | 0.01 | — | 84 | Bank Loan | BXFIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.06 | — | — | 98 | Bank Loan | BXFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.11 | 0.16 | — | 100 | Bank Loan | BXFIX vs RCRIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.31 | 0.41 | — | 88 | Bank Loan | BXFIX vs RPIFX | |
| BNY Mellon Floating Rate Income Fund | 0.35 | 0.38 | — | 82 | Bank Loan | BXFIX vs DFLYX |
See all 19 diversifiers for BXFIX
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