Looking to diversify beyond BITEX? The mutual funds below have the lowest correlation with BITEX — 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 BITEX.
Best Diversifiers for BITEX
13 mutual funds have low correlation with BITEX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.19 | 0.21 | 96 | Municipal Bonds | BITEX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.22 | 0.22 | 95 | Municipal Bonds | BITEX vs DMREX | |
| Brown Advisory Emerging Markets Select Fund | 0.13 | 0.10 | 0.10 | 85 | Emerging Markets Diversified | BITEX vs BIAQX | |
| Brown Advisory Small-Cap Fundamental Value Fund | 0.14 | 0.13 | 0.07 | 52 | Small Cap Blend Equities | BITEX vs BIAUX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.30 | 0.36 | 99 | Municipal Bonds | BITEX vs USMSX |
See all 25 diversifiers for BITEX
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