Looking to diversify beyond BHCHX? The mutual funds below have historically moved differently from BHCHX, 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 BHCHX
0 mutual funds have low correlation with BHCHX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.31 | 0.26 | 0.28 | 73 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | BHCHX vs JMSIX | |
| American Funds American High-Inc F2 | 0.35 | 0.40 | 0.41 | 62 | High Yield Bonds | BHCHX vs AHIFX | |
| Apollo Diversified Real Estate Fund Class I | 0.39 | 0.48 | 0.51 | 60 | REIT | BHCHX vs GRIFX | |
| T. Rowe Price Equity Index 500 Fund | 0.40 | 0.57 | 0.66 | 74 | Large Cap Blend Equities | BHCHX vs PREIX | |
| Fidelity Select Health Care Services Portfolio | 0.42 | 0.46 | 0.59 | 71 | Health & Biotech Equities | BHCHX vs FSHCX |
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