Looking to diversify beyond BALCX? The mutual funds below have the lowest correlation with BALCX — 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 BALCX.
Best Diversifiers for BALCX
2 mutual funds have low correlation with BALCX (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 -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.03 | 0.17 | 73 | Diversified Portfolio | BALCX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.19 | 0.49 | 64 | Diversified Portfolio | BALCX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | 0.62 | 95 | Diversified Portfolio | BALCX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.55 | 0.63 | 96 | Diversified Portfolio | BALCX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.35 | 0.55 | 0.63 | 96 | Diversified Portfolio | BALCX vs FSRRX |
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