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
45 mutual funds have low correlation with BIMBX (below 0.3), 3 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.22, 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... | -0.22 | -0.04 | -0.04 | 66 | Tactical Allocation | BIMBX vs PBAIX | |
| MH Elite Small Cap Fund of Funds Fund | -0.11 | 0.01 | 0.11 | 64 | Diversified Portfolio | BIMBX vs MHELX | |
| Allspring Diversified Capital Builder Fund | -0.00 | 0.14 | 0.22 | 97 | Diversified Portfolio | BIMBX vs EKBAX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.00 | 0.08 | 0.12 | 81 | Emerging Markets Diversified | BIMBX vs IPOAX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.03 | 0.25 | 0.33 | 73 | Diversified Portfolio | BIMBX vs SIFAX |
See all 49 diversifiers for BIMBX
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