Looking to diversify beyond BATAX? The mutual funds below have the lowest correlation with BATAX — 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 BATAX.
Best Diversifiers for BATAX
18 mutual funds have low correlation with BATAX (below 0.3), 2 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 -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | -0.05 | 0.02 | 0.01 | 92 | Long-Short | BATAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.03 | -0.17 | -0.32 | 67 | Systematic Trend | BATAX vs ASFYX | |
| DFA Two-Year Fixed Income Portfolio | 0.01 | -0.01 | 0.32 | 66 | Short-Term Bond | BATAX vs DFCFX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.07 | 0.09 | 0.07 | 75 | Large Cap Growth Equities | BATAX vs NASDX | |
| iShares S&P 500 Index Fund | 0.10 | 0.13 | 0.08 | 73 | S&P 500 | BATAX vs WFSPX |
See all 94 diversifiers for BATAX
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