Looking to diversify beyond BFMCX? The mutual funds below have historically moved differently from BFMCX, 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 BFMCX
3 mutual funds have low correlation with BFMCX (below 0.3), 3 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.08, up from -0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.08 | -0.17 | -0.35 | 66 | Systematic Trend | BFMCX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Invest... | -0.02 | -0.02 | -0.01 | 97 | Equity Market Neutral | BFMCX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.02 | -0.01 | -0.01 | 97 | Equity Market Neutral | BFMCX vs BDMIX | |
| iShares S&P 500 Index Fund Class K | 0.32 | 0.20 | 0.16 | 63 | S&P 500 | BFMCX vs WFSPX | |
| BlackRock Enhanced Equity Dividend Trust | 0.33 | 0.23 | 0.16 | 64 | Derivative Income | BFMCX vs BDJ |
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