Looking to diversify beyond BDHIX? The mutual funds below have the lowest correlation with BDHIX — 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 BDHIX.
Best Diversifiers for BDHIX
1 mutual funds have low correlation with BDHIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.19 | 0.50 | 67 | Diversified Portfolio | BDHIX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.16 | 0.11 | 95 | Long-Short | BDHIX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.56 | 0.62 | 82 | Diversified Portfolio | BDHIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.63 | 86 | Diversified Portfolio | BDHIX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.56 | 0.62 | 88 | Diversified Portfolio | BDHIX vs FIQDX |
See all 38 diversifiers for BDHIX
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