Looking to diversify beyond BDOIX? The mutual funds below have the lowest correlation with BDOIX — 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 BDOIX.
Best Diversifiers for BDOIX
0 mutual funds have low correlation with BDOIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.32, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.32 | 0.15 | 0.10 | 96 | Equity Market Neutral | BDOIX vs BDMIX | |
| Federated Hermes International Strategic Value Div... | 0.46 | 0.57 | 0.68 | 61 | Foreign Large Cap Equities | BDOIX vs IVFIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.54 | 0.37 | 0.16 | 51 | Systematic Trend | BDOIX vs ASFYX | |
| PIMCO RAE PLUS International Fund | 0.59 | 0.63 | 0.66 | 82 | Foreign Large Cap Equities | BDOIX vs PTSIX | |
| SA International Value Fund | 0.65 | 0.67 | 0.74 | 89 | Foreign Large Cap Equities | BDOIX vs SAHMX |
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