Looking to diversify beyond BDOKX? The mutual funds below have the lowest correlation with BDOKX — 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 BDOKX.
Best Diversifiers for BDOKX
1 mutual funds have low correlation with BDOKX (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 0.11, 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 | 0.11 | 0.16 | 0.16 | 52 | Inflation-Protected Bonds | BDOKX vs BKIPX | |
| BlackRock High Yield Bond Portfolio Institutional ... | 0.59 | 0.53 | 0.57 | 80 | High Yield Bonds | BDOKX vs BHYIX | |
| PIMCO RAE PLUS International Fund | 0.60 | 0.63 | 0.65 | 75 | Foreign Large Cap Equities | BDOKX vs PTSIX | |
| SA International Value Fund | 0.65 | 0.68 | 0.74 | 88 | Foreign Large Cap Equities | BDOKX vs SAHMX | |
| Kopernik International Fund | 0.65 | 0.56 | 0.67 | 54 | Foreign Large Cap Equities | BDOKX vs KGIIX |
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