Looking to diversify beyond BDOAX? The mutual funds below have the lowest correlation with BDOAX — 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 BDOAX.
Best Diversifiers for BDOAX
1 mutual funds have low correlation with BDOAX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.10 | 0.15 | 0.16 | 52 | Inflation-Protected Bonds | BDOAX vs BKIPX | |
| iShares Russell 2000 Small-Cap Index Fund Class K | 0.75 | 0.72 | 0.74 | 69 | Small Cap Blend Equities | BDOAX vs BDBKX | |
| iShares S&P 500 Index Fund Institutional Class | 0.82 | 0.75 | 0.77 | 65 | S&P 500 | BDOAX vs BSPIX | |
| iShares S&P 500 Index Fund Class G | 0.82 | 0.76 | 0.77 | 66 | S&P 500 | BDOAX vs BSPGX | |
| iShares S&P 500 Index Fund Investor P Shares | 0.82 | 0.75 | 0.77 | 64 | S&P 500 | BDOAX vs BSPPX |
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