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BlackRock Advantage Small Cap Growth Fund (PSGIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
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The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies and at least 80% of its net assets (plus any borrowings for investment purposes) in securities or instruments of issuers located in the United States. The advisor defines these companies as those with market capitalizations, at the time of the fund's investment, comparable in size to the companies in the Russell 2000 Index. From time to time it may invest in shares of companies through "new issues" or initial public offerings ("IPOs").

Looking to diversify beyond PSGIX? The mutual funds below have historically moved differently from PSGIX, 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 PSGIX

0 mutual funds have low correlation with PSGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.38, up from 0.12 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ASFYX
Virtus AlphaSimplex Managed Futures Strategy Fund ...0.380.280.12
67
Systematic TrendPSGIX vs ASFYX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.380.190.09
98
Equity Market NeutralPSGIX vs BDMIX
BDMAX
BlackRock Global Equity Market Neutral Fund Invest...0.390.190.09
97
Equity Market NeutralPSGIX vs BDMAX
BSIIX
BlackRock Strategic Income Opportunities Fund Clas...0.470.350.34
52
Total Bond MarketPSGIX vs BSIIX
BRHYX
BlackRock High Yield K0.580.540.55
63
High Yield BondsPSGIX vs BRHYX
See all 34 diversifiers for PSGIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for PSGIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CII
BlackRock Enhanced Large Cap Core Fund, Inc.0.530.590.68
89

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Diversification Analysis

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