Looking to diversify beyond BFMSX? The mutual funds below have the lowest correlation with BFMSX — 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 BFMSX.
Best Diversifiers for BFMSX
11 mutual funds have low correlation with BFMSX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.02, up from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.14 | -0.29 | 64 | Systematic Trend | BFMSX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.02 | 0.00 | 96 | Long-Short | BFMSX vs BDMIX | |
| DFA Two-Year Fixed Income Portfolio | 0.05 | 0.02 | 0.34 | 65 | Short-Term Bond | BFMSX vs DFCFX | |
| DFA Short-Duration Real Return Portfolio | 0.21 | 0.23 | 0.37 | 98 | Short-Term Bond | BFMSX vs DFAIX | |
| Leader Short Term High Yield Bond Fund | 0.24 | 0.17 | 0.22 | 80 | Short-Term Bond | BFMSX vs LCCMX |
See all 32 diversifiers for BFMSX
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