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BlackRock Dynamic High Income Portfolio (BDHIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund may invest up to 100% of its assets in equity securities and up to 100% of its assets in fixed-income securities. It may also gain exposure to such equity securities and fixed-income securities by investing in BlackRock equity and/or fixed-income mutual funds ("underlying funds") and affiliated and unaffiliated ETFs. The fund may also invest up to 50% of its assets in structured notes that provide exposure to covered call options or other types of financial instruments.

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

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 -0.19, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.190.030.14
60
Diversified PortfolioBDHIX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.000.170.49
67
Diversified PortfolioBDHIX vs MHELX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.330.180.11
96
Equity Market NeutralBDHIX vs BDMIX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.360.560.62
86
Diversified PortfolioBDHIX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.360.550.62
91
Diversified PortfolioBDHIX vs FIQDX
See all 42 diversifiers for BDHIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BDHIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDHIX and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.45, down from 0.56 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
JPM
JPMorgan Chase & Co.0.450.480.56
69
Financial Services
IVZ
Invesco Ltd.0.560.610.68
89
Financial Services

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Diversification Analysis

Build a portfolio that complements BDHIX

Add BDHIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BDHIX