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
154 mutual funds have low correlation with BDMIX (below 0.3), 5 of which are negatively correlated. The least correlated is BlackRock Allocation Target Shares Series S Portfolio (BRASX) (Short-Term Bond) with a 1Y correlation of -0.06, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Allocation Target Shares Series S Portfo... | -0.06 | 0.02 | 0.00 | 67 | Short-Term Bond | BDMIX vs BRASX | |
| BlackRock Allocation Target Shares Series A Portfo... | -0.03 | 0.03 | 0.01 | 97 | Short-Term Bond | BDMIX vs BATAX | |
| iShares Short-Term TIPS Bond Index Fund | -0.01 | 0.01 | 0.01 | 55 | Inflation-Protected Bonds | BDMIX vs BIIPX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.00 | -0.01 | -0.02 | 99 | Municipal Bonds | BDMIX vs TFCYX | |
| Aspiriant Risk-Managed Municipal Bond Fund | -0.00 | -0.03 | -0.00 | 67 | Municipal Bonds | BDMIX vs RMMBX |
To view more results, upgrade your current subscription plan.
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 -0.06, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.06 | -0.06 | 0.00 | 95 | Healthcare | |
| Merck & Co., Inc. | -0.01 | 0.03 | 0.06 | 88 | Healthcare | |
| Exxon Mobil Corporation | -0.01 | -0.01 | 0.01 | 68 | Energy | |
| Amgen Inc. | 0.02 | 0.04 | 0.05 | 66 | Healthcare | |
| Apple Inc | 0.10 | 0.07 | 0.03 | 88 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BDMIX
Add BDMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BDMIX