Looking to diversify beyond BDMIX? The mutual funds below have the lowest correlation with BDMIX — 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 BDMIX.
Best Diversifiers for BDMIX
152 mutual funds have low correlation with BDMIX (below 0.3), 9 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.14 | — | — | 99 | Equity Market Neutral | BDMIX vs MMNIX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.07 | -0.06 | -0.01 | 60 | Diversified Portfolio | BDMIX vs SIFAX | |
| BlackRock Allocation Target Shares Series S Portfo... | -0.04 | 0.02 | 0.00 | 78 | Short-Term Bond | BDMIX vs BRASX | |
| BlackRock Allocation Target Shares Series A Portfo... | -0.03 | 0.03 | 0.02 | 98 | Short-Term Bond | BDMIX vs BATAX | |
| Aspiriant Risk-Managed Municipal Bond Fund | -0.02 | -0.04 | -0.00 | 94 | Municipal Bonds | BDMIX vs RMMBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BDMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BDMIX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.11, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.11 | -0.07 | -0.01 | 97 | Healthcare | |
| Merck & Co., Inc. | -0.11 | 0.00 | 0.04 | 91 | Healthcare | |
| Exxon Mobil Corporation | -0.01 | -0.02 | -0.01 | 75 | Energy | |
| Amgen Inc. | -0.00 | 0.03 | 0.04 | 73 | Healthcare | |
| Berkshire Hathaway Inc. | -0.00 | 0.03 | 0.02 | 53 | Financial Services |
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