Looking to diversify beyond BIMBX? The mutual funds below have historically moved differently from BIMBX, 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 BIMBX
57 mutual funds have low correlation with BIMBX (below 0.3), 7 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.19 | -0.05 | -0.05 | 85 | Tactical Allocation | BIMBX vs PBAIX | |
| AQR Style Premia Alternative Fund Class N | -0.18 | -0.04 | 0.02 | 89 | Multistrategy | BIMBX vs QSPNX | |
| MH Elite Small Cap Fund of Funds Fund | -0.08 | 0.01 | 0.10 | 66 | Diversified Portfolio | BIMBX vs MHELX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.05 | -0.01 | -0.13 | 66 | Systematic Trend | BIMBX vs ASFYX | |
| American Beacon AHL Managed Futures Strategy Fund ... | -0.04 | -0.06 | -0.11 | 91 | Systematic Trend | BIMBX vs AHLIX |
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