Looking to diversify beyond BDJ? The mutual funds below have historically moved differently from BDJ, 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 BDJ
32 mutual funds have low correlation with BDJ (below 0.3), 5 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 -0.18, 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... | -0.18 | 0.00 | 0.13 | 83 | Diversified Portfolio | BDJ vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.04 | 0.23 | 0.35 | 82 | Energy Equities | BDJ vs BACIX | |
| BlackRock Energy Opportunities Fund | -0.03 | 0.23 | 0.35 | 81 | Energy Equities | BDJ vs BACAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.01 | 0.20 | 0.17 | 85 | Tactical Allocation | BDJ vs PBAIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.00 | -0.01 | 0.04 | 99 | Municipal Bonds | BDJ vs TFCYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDJ, 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 DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.25 | 0.32 | 0.37 | 90 | Financial Services | |
| Reaves Utility Income Trust | 0.33 | 0.39 | 0.46 | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.35 | 0.41 | 0.48 | 72 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.37 | 0.48 | 0.54 | 66 | Financial Services | |
| Tekla Healthcare Investors | 0.42 | 0.47 | 0.51 | 95 | Financial Services |
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