Looking to diversify beyond BATEX? The mutual funds below have historically moved differently from BATEX, 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 BATEX
6 mutual funds have low correlation with BATEX (below 0.3), 2 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 -0.04, up from -0.20 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 ... | -0.04 | -0.13 | -0.20 | 66 | Systematic Trend | BATEX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.00 | 0.01 | 0.02 | 97 | Equity Market Neutral | BATEX vs BDMIX | |
| iShares S&P 500 Index Fund Class K | 0.26 | 0.18 | 0.12 | 63 | S&P 500 | BATEX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.27 | 0.18 | 0.13 | 62 | Large Cap Blend Equities | BATEX vs VTCLX | |
| BlackRock Enhanced Equity Dividend Trust | 0.27 | 0.19 | 0.12 | 64 | Derivative Income | BATEX vs BDJ |
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