Looking to diversify beyond BALPX? The mutual funds below have the lowest correlation with BALPX — 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 BALPX.
Best Diversifiers for BALPX
3 mutual funds have low correlation with BALPX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.22, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.09 | 0.04 | 96 | Long-Short | BALPX vs BDMIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.25 | 0.24 | 0.30 | 98 | Event Driven | BALPX vs VARBX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.27 | 0.16 | 0.04 | 64 | Systematic Trend | BALPX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.33 | 0.40 | 0.53 | 69 | Technology Equities | BALPX vs BGSAX | |
| The Merger Fund Class I | 0.40 | 0.49 | 0.56 | 98 | Event Driven | BALPX vs MERIX |
See all 21 diversifiers for BALPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BALPX
Add BALPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BALPX