Looking to diversify beyond BXFIX? The mutual funds below have historically moved differently from BXFIX, 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 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 -0.09, roughly unchanged from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.09 | 0.00 | — | 92 | Bank Loan | BXFIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 99 | Bank Loan | BXFIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.10 | 0.15 | — | 99 | Bank Loan | BXFIX vs RCRIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.32 | 0.40 | — | 75 | Bank Loan | BXFIX vs RPIFX | |
| Dunham Floating Rate Bond Fund | 0.36 | 0.37 | — | 56 | Bank Loan | BXFIX vs DAFRX |
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