Looking to diversify beyond BILDX? The mutual funds below have historically moved differently from BILDX, 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 BILDX
2 mutual funds have low correlation with BILDX (below 0.3), 1 of which are negatively correlated. The least correlated is DoubleLine Strategic Commodity Fund (DBCMX) (Commodities) with a 1Y correlation of -0.29, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Strategic Commodity Fund | -0.29 | -0.15 | -0.08 | 86 | Commodities | BILDX vs DBCMX | |
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.26 | 0.13 | 99 | Multisector Bonds | BILDX vs NWXHX | |
| Holbrook Income Fund Class I | 0.34 | 0.31 | 0.39 | 98 | Intermediate Core-Plus Bond | BILDX vs HOBIX | |
| DoubleLine Shiller Enhanced International CAPE | 0.39 | 0.40 | 0.33 | 94 | Europe Equities | BILDX vs DSEUX | |
| Leader Capital High Quality Income Fund Institutio... | 0.45 | 0.22 | 0.16 | 86 | Intermediate Core-Plus Bond | BILDX vs LCTIX |
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