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
5 mutual funds have low correlation with BALPX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Westchester Credit Event Fund (WCFRX) (Event Driven) with a 1Y correlation of 0.19, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Westchester Credit Event Fund | 0.19 | 0.29 | 0.41 | 54 | Event Driven | BALPX vs WCFRX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.22 | 0.10 | 0.04 | 96 | Equity Market Neutral | BALPX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.24 | 0.15 | 0.04 | 51 | Systematic Trend | BALPX vs ASFYX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.26 | 0.25 | 0.30 | 99 | Event Driven | BALPX vs VARBX | |
| BlackRock Technology Opportunities Fund Investor A | 0.28 | 0.38 | 0.52 | 50 | Technology Equities | BALPX vs BGSAX |
See all 23 diversifiers for BALPX
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