Looking to diversify beyond BIMBX? The mutual funds below have the lowest correlation with BIMBX — 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 BIMBX.
Best Diversifiers for BIMBX
47 mutual funds have low correlation with BIMBX (below 0.3), 6 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.21 | -0.05 | -0.04 | 81 | Tactical Allocation | BIMBX vs PBAIX | |
| MH Elite Small Cap Fund of Funds Fund | -0.10 | 0.02 | 0.11 | 70 | Diversified Portfolio | BIMBX vs MHELX | |
| BlackRock Technology Opportunities Fund Investor A | -0.06 | 0.04 | 0.09 | 69 | Technology Equities | BIMBX vs BGSAX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.01 | -0.01 | -0.11 | 64 | Systematic Trend | BIMBX vs ASFYX | |
| Allspring Diversified Capital Builder Fund | -0.01 | 0.13 | 0.21 | 95 | Diversified Portfolio | BIMBX vs EKBAX |
See all 51 diversifiers for BIMBX
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