Looking to diversify beyond BDJ? The mutual funds below have the lowest correlation with BDJ — 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 BDJ.
Best Diversifiers for BDJ
35 mutual funds have low correlation with BDJ (below 0.3), 6 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 -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.02 | 0.14 | 65 | Diversified Portfolio | BDJ vs SIFAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.19 | 0.17 | 81 | Tactical Allocation | BDJ vs PBAIX | |
| BlackRock Tactical Opportunities Fund | -0.04 | 0.20 | 0.18 | 79 | Macro Trading | BDJ vs PCBAX | |
| BlackRock Energy Opportunities Fund | -0.01 | 0.24 | 0.37 | 56 | Energy Equities | BDJ vs BACIX | |
| BlackRock Energy Opportunities Fund | -0.01 | 0.24 | 0.37 | 54 | Energy Equities | BDJ vs BACAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDJ and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.25, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.25 | 0.32 | 0.38 | 94 | Financial Services | |
| Reaves Utility Income Trust | 0.31 | 0.39 | 0.46 | 74 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.35 | 0.41 | 0.48 | 73 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.39 | 0.48 | 0.55 | 59 | Financial Services | |
| Tekla Healthcare Investors | 0.42 | 0.46 | 0.51 | 93 | Financial Services |
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Build a portfolio that complements BDJ
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