Looking to diversify beyond BBALX? The mutual funds below have the lowest correlation with BBALX — 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 BBALX.
Best Diversifiers for BBALX
2 mutual funds have low correlation with BBALX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.20, up from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.20 | 0.03 | -0.09 | 85 | Global Allocation | BBALX vs LFMIX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.28 | 0.20 | 0.18 | 90 | Ultrashort Bond | BBALX vs NTAUX | |
| MH Elite Select Portfolio of Funds Fund | 0.33 | 0.38 | 0.62 | 57 | Global Allocation | BBALX vs MHESX | |
| Hartford Real Asset Fund | 0.39 | 0.57 | 0.67 | 88 | Global Allocation | BBALX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.41 | 0.61 | 0.68 | 59 | Global Allocation | BBALX vs RALIX |
See all 27 diversifiers for BBALX
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