Looking to diversify beyond BALFX? The mutual funds below have historically moved differently from BALFX, 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 BALFX
4 mutual funds have low correlation with BALFX (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 -0.20, down from 0.14 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... | -0.20 | -0.02 | 0.14 | 83 | Diversified Portfolio | BALFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.14 | 0.46 | 66 | Diversified Portfolio | BALFX vs MHELX | |
| MFS Commodity Strategy Fund | 0.04 | 0.12 | 0.20 | 69 | Commodities | BALFX vs MCSFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.16 | 0.11 | 0.09 | 100 | Bank Loan, High Yield Bonds | BALFX vs CCLFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.52 | 0.61 | 89 | Diversified Portfolio | BALFX vs FCSRX |
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