Looking to diversify beyond BIBDX? The mutual funds below have historically moved differently from BIBDX, 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 BIBDX
2 mutual funds have low correlation with BIBDX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.18, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.18 | 0.53 | 0.65 | 70 | Quality Factor, Global Equities | BIBDX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.29 | 0.50 | 0.62 | 79 | Infrastructure Equities, Global Equities | BIBDX vs CSUAX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.36 | 0.18 | 0.13 | 97 | Equity Market Neutral | BIBDX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.18 | 0.13 | 97 | Equity Market Neutral | BIBDX vs BDMIX | |
| Nuveen Global Infrastructure Fund Class A | 0.38 | 0.56 | 0.69 | 66 | Infrastructure Equities, Global Equities | BIBDX vs FGIAX |
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