Looking to diversify beyond BALFX? The mutual funds below have the lowest correlation with BALFX — 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 BALFX.
Best Diversifiers for BALFX
2 mutual funds have low correlation with BALFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.17 | 0.48 | 70 | Diversified Portfolio | BALFX vs MHELX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.11 | 0.09 | 100 | High Yield Bonds | BALFX vs CCLFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.62 | 82 | Diversified Portfolio | BALFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.54 | 0.62 | 88 | Diversified Portfolio | BALFX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.63 | 86 | Diversified Portfolio | BALFX vs FSIRX |
See all 48 diversifiers for BALFX
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