Looking to diversify beyond BAMPX? The mutual funds below have the lowest correlation with BAMPX — 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 BAMPX.
Best Diversifiers for BAMPX
2 mutual funds have low correlation with BAMPX (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 -0.23, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.05 | 0.10 | 60 | Diversified Portfolio | BAMPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.43 | 67 | Diversified Portfolio | BAMPX vs MHELX | |
| Concorde Wealth Management Fund | 0.31 | 0.49 | 0.60 | 73 | Diversified Portfolio | BAMPX vs CONWX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.33 | 0.20 | 0.11 | 96 | Equity Market Neutral | BAMPX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.50 | 0.56 | 86 | Diversified Portfolio | BAMPX vs FCSRX |
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