Looking to diversify beyond BDAIX? The mutual funds below have historically moved differently from BDAIX, 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 BDAIX
0 mutual funds have low correlation with BDAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Baron Real Estate Income Fund (BRIIX) (REIT) with a 1Y correlation of 0.32, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Real Estate Income Fund | 0.32 | 0.46 | 0.58 | 57 | REIT | BDAIX vs BRIIX | |
| American Growth Fund Series One | 0.66 | 0.76 | 0.82 | 56 | Large Cap Growth Equities | BDAIX vs AMRGX | |
| ICON Equity Fund | 0.69 | 0.66 | 0.73 | 80 | Large Cap Growth Equities | BDAIX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.71 | 0.75 | 0.78 | 90 | Large Cap Growth Equities | BDAIX vs DNVYX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.71 | 0.66 | 0.71 | 76 | Foreign Large Cap Equities | BDAIX vs VTMGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDAIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.04, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.04 | 0.23 | 0.41 | 61 | Financial Services |
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