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
10 mutual funds have low correlation with BFMSX (below 0.3), 1 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 -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | -0.01 | 0.01 | -0.01 | 96 | Equity Market Neutral | BFMSX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.08 | -0.25 | 51 | Systematic Trend | BFMSX vs ASFYX | |
| DFA Two-Year Fixed Income Portfolio | 0.15 | 0.02 | 0.34 | 100 | Short-Term Bond | BFMSX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.16 | 0.22 | 82 | Short-Term Bond | BFMSX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.22 | 0.51 | 0.59 | 54 | Short-Term Bond | BFMSX vs GPARX |
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