Looking to diversify beyond BHCHX? The mutual funds below have the lowest correlation with BHCHX — 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 BHCHX.
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 Baron Partners Fund (BPTRX) (Large Cap Growth Equities) with a 1Y correlation of 0.30, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Baron Partners Fund | 0.30 | 0.42 | 0.53 | 72 | Large Cap Growth Equities | BHCHX vs BPTRX | |
| Baron Focused Growth Fund | 0.37 | 0.53 | 0.62 | 53 | Mid Cap Growth Equities | BHCHX vs BFGFX | |
| abrdn World Healthcare Fund | 0.58 | 0.59 | 0.62 | 61 | Health & Biotech Equities | BHCHX vs THW | |
| Eventide Healthcare & Life Sciences Fund | 0.70 | 0.73 | 0.73 | 69 | Health & Biotech Equities | BHCHX vs ETIHX | |
| Franklin Biotechnology Discovery Fund | 0.74 | 0.75 | 0.78 | 91 | Health & Biotech Equities | BHCHX vs FBDIX |
See all 13 diversifiers for BHCHX
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