Looking to diversify beyond BDMAX? The mutual funds below have historically moved differently from BDMAX, 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 BDMAX
88 mutual funds have low correlation with BDMAX (below 0.3), 15 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.15 | — | — | 99 | Equity Market Neutral | BDMAX vs MMNIX | |
| BlackRock Real Estate Securities Fund | -0.11 | -0.08 | -0.04 | 55 | REIT | BDMAX vs BIREX | |
| iShares Developed Real Estate Index Fund | -0.08 | -0.06 | -0.03 | 51 | REIT | BDMAX vs BIRDX | |
| Allspring Managed Account CoreBuilder Shares - Ser... | -0.05 | -0.02 | -0.01 | 85 | Municipal Bonds | BDMAX vs WFCMX | |
| DWS Managed Municipal Bond Fund | -0.05 | -0.02 | -0.01 | 70 | Municipal Bonds | BDMAX vs SCMBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDMAX, 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 Alibaba Group Holding Limited (BABA) (Consumer Cyclical) with a 1Y correlation of 0.09, up from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited | 0.09 | -0.01 | -0.05 | 50 | Consumer Cyclical | |
| First Solar, Inc. | 0.15 | 0.01 | -0.04 | 61 | Technology | |
| Magna International Inc. | 0.16 | 0.08 | 0.02 | 90 | Consumer Cyclical | |
| Intel Corporation | 0.25 | 0.12 | 0.06 | 98 | Technology | |
| Micron Technology, Inc. | 0.28 | 0.18 | 0.10 | 99 | Technology |
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