PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Biondo Focus Fund (BFONX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term capital appreciation. The fund invests primarily in a combination of long and short positions in (1) common stock of U.S. companies of any capitalization; (2) American depositary receipts ("ADRs") representing common stock of foreign companies; (3) investment grade fixed income securities; (4) exchange-traded funds and (5) options on common stock, ADRs and ETFs. It may also employ leverage including bank borrowing of up to 33% of the fund's assets (defined as net assets plus borrowing for investment purposes). The fund is non-diversified.

Looking to diversify beyond BFONX? The mutual funds below have the lowest correlation with BFONX — 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 BFONX.

Best Diversifiers for BFONX

1 mutual funds have low correlation with BFONX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.28, down from 0.82 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EFCNX
Emerald Insights Fund0.280.730.82
99
Large Cap Growth EquitiesBFONX vs EFCNX
IOLZX
ICON Equity Fund0.530.540.66
76
Large Cap Growth EquitiesBFONX vs IOLZX
ONERX
One Rock Fund0.540.730.81
88
Large Cap Growth EquitiesBFONX vs ONERX
CHASX
Chase Growth Fund0.640.780.78
90
Large Cap Growth EquitiesBFONX vs CHASX
FTQGX
Fidelity Focused Stock Fund0.640.790.83
80
Large Cap Growth EquitiesBFONX vs FTQGX
See all 15 diversifiers for BFONX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements BFONX

Add BFONX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with BFONX