Looking to diversify beyond BLDIX? The mutual funds below have historically moved differently from BLDIX, 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 BLDIX
11 mutual funds have low correlation with BLDIX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | 0.08 | 0.17 | 83 | Diversified Portfolio | BLDIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | -0.03 | 0.10 | 0.32 | 66 | Diversified Portfolio | BLDIX vs MHELX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.16 | 0.01 | -0.18 | 66 | Systematic Trend | BLDIX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.16 | 0.08 | 0.04 | 97 | Equity Market Neutral | BLDIX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.17 | 0.08 | 0.05 | 97 | Equity Market Neutral | BLDIX vs BDMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BLDIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.03 | 0.17 | 0.25 | 90 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.14 | 0.24 | 0.34 | 61 | Financial Services |
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