Looking to diversify beyond BAICX? The mutual funds below have historically moved differently from BAICX, 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 BAICX
5 mutual funds have low correlation with BAICX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.06 | 0.17 | 77 | Diversified Portfolio | BAICX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.14 | 0.42 | 66 | Diversified Portfolio | BAICX vs MHELX | |
| Fairholme Focused Income Fund | 0.05 | 0.32 | 0.46 | 71 | High Yield Bonds | BAICX vs FOCIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.23 | 0.12 | 0.08 | 98 | Equity Market Neutral | BAICX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.29 | 0.16 | -0.03 | 63 | Systematic Trend | BAICX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAICX, 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| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.53 | 0.56 | 0.67 | 88 |
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