Looking to diversify beyond BDSKX? The mutual funds below have historically moved differently from BDSKX, 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 BDSKX
0 mutual funds have low correlation with BDSKX (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 0.37, up from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.37 | 0.18 | 0.08 | 97 | Equity Market Neutral | BDSKX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.37 | 0.18 | 0.09 | 97 | Equity Market Neutral | BDSKX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.39 | 0.28 | 0.12 | 66 | Systematic Trend | BDSKX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.61 | 0.63 | 0.69 | 64 | Derivative Income | BDSKX vs BDJ | |
| DFA International Small Company Portfolio | 0.69 | 0.67 | 0.71 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | BDSKX vs DFISX |
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