Looking to diversify beyond BDOAX? The mutual funds below have historically moved differently from BDOAX, 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 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 0.15, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.15 | 0.15 | 0.16 | 59 | Inflation-Protected Bonds | BDOAX vs BKIPX | |
| Federated Hermes International Strategic Value Div... | 0.42 | 0.55 | 0.67 | 88 | Foreign Large Cap Equities | BDOAX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.70 | 0.79 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | BDOAX vs GSIYX | |
| PIMCO RAE PLUS International Fund | 0.59 | 0.62 | 0.66 | 95 | Foreign Large Cap Equities | BDOAX vs PTSIX | |
| SA International Value Fund | 0.66 | 0.67 | 0.74 | 96 | Foreign Large Cap Equities | BDOAX vs SAHMX |
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