Looking to diversify beyond BATAX? The mutual funds below have historically moved differently from BATAX, 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 BATAX
18 mutual funds have low correlation with BATAX (below 0.3), 3 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.09, up from -0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.09 | -0.15 | -0.31 | 63 | Systematic Trend | BATAX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Invest... | -0.03 | 0.02 | 0.01 | 98 | Equity Market Neutral | BATAX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.02 | 0.03 | 0.01 | 98 | Equity Market Neutral | BATAX vs BDMIX | |
| GuidePath Absolute Return Allocation Fund | 0.06 | 0.48 | 0.55 | 55 | Short-Term Bond | BATAX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.00 | 0.32 | 100 | Short-Term Bond | BATAX vs DFCFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BATAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.20 | 0.12 | 0.11 | 88 |
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