Looking to diversify beyond BIBDX? The mutual funds below have the lowest correlation with BIBDX — 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 BIBDX.
Best Diversifiers for BIBDX
0 mutual funds have low correlation with BIBDX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.31, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.16 | 0.12 | 92 | Long-Short | BIBDX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.31 | 0.13 | 67 | Systematic Trend | BIBDX vs ASFYX | |
| Polaris Global Value Fund | 0.57 | 0.71 | 0.79 | 90 | Global Equities | BIBDX vs PGVFX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.60 | 0.71 | 0.77 | 81 | Global Equities | BIBDX vs RTXAX | |
| Archer Dividend Growth Fund | 0.60 | 0.69 | 0.75 | 79 | Large Cap Value Equities | BIBDX vs ARDGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BIBDX
Add BIBDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIBDX