Looking to diversify beyond BDMIX? The mutual funds below have historically moved differently from BDMIX, 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 BDMIX
140 mutual funds have low correlation with BDMIX (below 0.3), 17 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 | BDMIX vs MMNIX | |
| Guggenheim Risk Managed Real Estate Fund | -0.12 | -0.07 | -0.03 | 61 | REIT | BDMIX vs GURIX | |
| Aspiriant Risk-Managed Municipal Bond Fund | -0.11 | -0.06 | -0.01 | 94 | Municipal Bonds | BDMIX vs RMMBX | |
| BlackRock Real Estate Securities Fund | -0.11 | -0.07 | -0.03 | 59 | REIT | BDMIX vs BIREX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.08 | -0.07 | -0.01 | 83 | Diversified Portfolio | BDMIX vs SIFAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BDMIX, 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 Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | -0.12 | -0.00 | 0.03 | 96 | Healthcare | |
| Johnson & Johnson | -0.12 | -0.07 | -0.02 | 97 | Healthcare | |
| Amgen Inc. | -0.01 | 0.02 | 0.04 | 80 | Healthcare | |
| Exxon Mobil Corporation | -0.01 | -0.01 | 0.01 | 84 | Energy | |
| Berkshire Hathaway Inc. | -0.01 | 0.02 | 0.02 | 61 | Financial Services |
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