Looking to diversify beyond BFRAX? The mutual funds below have historically moved differently from BFRAX, 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 BFRAX
5 mutual funds have low correlation with BFRAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.12, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.12 | -0.03 | 0.06 | 92 | Bank Loan | BFRAX vs XPTFX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.10 | 0.05 | -0.02 | 63 | Systematic Trend | BFRAX vs ASFYX | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.12 | 0.16 | 99 | Bank Loan | BFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.15 | — | — | 99 | Bank Loan | BFRAX vs CAPIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.15 | 0.11 | 0.05 | 98 | Equity Market Neutral | BFRAX vs BDMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BFRAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.36 | 0.37 | 0.40 | 88 |
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