Looking to diversify beyond BFMCX? The mutual funds below have the lowest correlation with BFMCX — 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 BFMCX.
Best Diversifiers for BFMCX
5 mutual funds have low correlation with BFMCX (below 0.3), 1 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 -0.06, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | -0.06 | -0.01 | -0.01 | 91 | Long-Short | BFMCX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.00 | -0.18 | -0.36 | 67 | Systematic Trend | BFMCX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.22 | 0.15 | 0.14 | 76 | Large Cap Growth Equities | BFMCX vs NASDX | |
| iShares S&P 500 Index Fund | 0.28 | 0.20 | 0.15 | 74 | S&P 500 | BFMCX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.28 | 0.20 | 0.15 | 70 | Large Cap Blend Equities | BFMCX vs VTCLX |
See all 10 diversifiers for BFMCX
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