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 Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.32, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.32 | 0.51 | 0.63 | 75 | Global Equities | BIBDX vs CSUAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.32 | 0.18 | 0.13 | 96 | Equity Market Neutral | BIBDX vs BDMIX | |
| Nuveen Global Infrastructure Fund Class A | 0.39 | 0.57 | 0.70 | 68 | Global Equities | BIBDX vs FGIAX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.47 | 0.33 | 0.13 | 51 | Systematic Trend | BIBDX vs ASFYX | |
| Archer Dividend Growth Fund | 0.49 | 0.65 | 0.73 | 89 | Large Cap Value Equities | BIBDX vs ARDGX |
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