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
22 mutual funds have low correlation with BDJ (below 0.3), 2 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 -0.17, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | 0.04 | 0.16 | 76 | Diversified Portfolio | BDJ vs SIFAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | -0.01 | 0.19 | 0.18 | 76 | Tactical Allocation | BDJ vs PBAIX | |
| BlackRock Tactical Opportunities Fund | 0.01 | 0.20 | 0.18 | 72 | Macro Trading | BDJ vs PCBAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.02 | 0.01 | 0.04 | 99 | Municipal Bonds | BDJ vs TFCYX | |
| BlackRock Energy Opportunities Fund | 0.02 | 0.28 | 0.38 | 71 | Energy Equities | BDJ vs BACIX |
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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 Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.37, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.37 | 0.41 | 0.48 | 64 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund | 0.45 | 0.50 | 0.56 | 67 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.47 | 0.51 | 0.56 | 96 | Financial Services | |
| BlackRock Science and Technology Trust | 0.55 | 0.52 | 0.59 | 90 | Financial Services | |
| Royce Value Trust Inc. | 0.62 | 0.65 | 0.69 | 86 | Financial Services |
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