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
29 mutual funds have low correlation with BDJ (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.19 | 0.17 | 81 | Tactical Allocation | BDJ vs PBAIX | |
| BlackRock Tactical Opportunities Fund | -0.02 | 0.20 | 0.18 | 79 | Macro Trading | BDJ vs PCBAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.02 | 0.00 | 0.04 | 99 | Municipal Bonds | BDJ vs TFCYX | |
| Allspring Managed Account CoreBuilder Shares - Ser... | 0.13 | 0.13 | 0.08 | 83 | Municipal Bonds | BDJ vs WFCMX | |
| BlackRock Commodity Strategies Fund Class K | 0.15 | 0.27 | 0.38 | 53 | Commodities | BDJ vs BCSKX |
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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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.32, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.32 | 0.40 | 0.46 | 79 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.37 | 0.41 | 0.48 | 67 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund | 0.41 | 0.49 | 0.55 | 57 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.45 | 0.50 | 0.56 | 94 | Financial Services | |
| BlackRock Science and Technology Trust | 0.56 | 0.53 | 0.60 | 88 | Financial Services |
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Build a portfolio that complements BDJ
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