Looking to diversify beyond BDHIX? The mutual funds below have historically moved differently from BDHIX, 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 BDHIX
2 mutual funds have low correlation with BDHIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.24 | -0.00 | 0.13 | 83 | Diversified Portfolio | BDHIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | 0.48 | 66 | Diversified Portfolio | BDHIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.61 | 89 | Diversified Portfolio | BDHIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.61 | 91 | Diversified Portfolio | BDHIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.61 | 91 | Diversified Portfolio | BDHIX vs FSIRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDHIX, 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. Class A (BRK-A) (Financial Services) with a 1Y correlation of 0.17, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | 0.17 | 0.39 | 0.51 | 58 | Financial Services | |
| Berkshire Hathaway Inc. | 0.18 | 0.40 | 0.53 | 61 | Financial Services | |
| JPMorgan Chase & Co. | 0.45 | 0.49 | 0.56 | 71 | Financial Services | |
| Invesco Ltd. | 0.57 | 0.62 | 0.68 | 80 | Financial Services |
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