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
19 mutual funds have low correlation with BATAX (below 0.3), 2 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.06, up from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.06 | -0.16 | -0.32 | 64 | Systematic Trend | BATAX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.03 | 0.03 | 0.01 | 96 | Long-Short | BATAX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.03 | 0.06 | 0.06 | 69 | Technology Equities | BATAX vs BGSAX | |
| DFA Two-Year Fixed Income Portfolio | 0.04 | -0.01 | 0.32 | 65 | Short-Term Bond | BATAX vs DFCFX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.09 | 0.09 | 0.07 | 71 | Large Cap Growth Equities | BATAX vs NASDX |
See all 108 diversifiers for BATAX
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