Looking to diversify beyond BDBKX? The mutual funds below have the lowest correlation with BDBKX — 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 BDBKX.
Best Diversifiers for BDBKX
1 mutual funds have low correlation with BDBKX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.01 | 0.11 | 0.11 | 52 | Inflation-Protected Bonds | BDBKX vs BKIPX | |
| iShares MSCI Total International Index Fund Class ... | 0.75 | 0.72 | 0.74 | 63 | Foreign Large Cap Equities | BDBKX vs BDOKX | |
| iShares MSCI Total International Index Fund Class ... | 0.75 | 0.72 | 0.74 | 62 | International Equity | BDBKX vs BDOAX | |
| Auer Growth Fund | 0.78 | 0.80 | 0.81 | 83 | Small Cap Blend Equities | BDBKX vs AUERX | |
| iShares S&P 500 Index Fund Institutional Class | 0.80 | 0.77 | 0.81 | 65 | S&P 500 | BDBKX vs BSPIX |
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