Looking to diversify beyond BDFIX? The mutual funds below have historically moved differently from BDFIX, 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 BDFIX
0 mutual funds have low correlation with BDFIX (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 0.46, down from 0.63 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 | 0.46 | 0.57 | 0.63 | 57 | REIT | BDFIX vs BRIIX | |
| Fidelity Select Semiconductors Portfolio | 0.50 | 0.60 | 0.69 | 80 | Semiconductors, Technology Equities | BDFIX vs FSELX | |
| Oberweis Micro Cap Fund | 0.66 | 0.80 | 0.84 | 79 | Small Cap Growth Equities | BDFIX vs OBMCX | |
| Needham Aggressive Growth Fund Institutional Class | 0.69 | 0.76 | 0.80 | 60 | Small Cap Growth Equities | BDFIX vs NEAIX | |
| Needham Aggressive Growth Fund Retail Class | 0.69 | 0.76 | 0.80 | 60 | Small Cap Growth Equities | BDFIX vs NEAGX |
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