Looking to diversify beyond BDSKX? The mutual funds below have the lowest correlation with BDSKX — 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 BDSKX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.32, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.16 | 0.08 | 95 | Long-Short | BDSKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.38 | 0.27 | 0.13 | 60 | Systematic Trend | BDSKX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.65 | 0.63 | 0.72 | 66 | Technology Equities | BDSKX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.71 | 0.67 | 0.73 | 70 | Large Cap Growth Equities | BDSKX vs NASDX | |
| Auer Growth Fund | 0.77 | 0.80 | 0.82 | 83 | Small Cap Blend Equities | BDSKX vs AUERX |
See all 39 diversifiers for BDSKX
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