Looking to diversify beyond BLDIX? The mutual funds below have the lowest correlation with BLDIX — 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 BLDIX.
Best Diversifiers for BLDIX
5 mutual funds have low correlation with BLDIX (below 0.3), 1 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 -0.11, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.11 | 0.14 | 0.20 | 73 | Diversified Portfolio | BLDIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.01 | 0.14 | 0.34 | 64 | Diversified Portfolio | BLDIX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.15 | 0.08 | 0.05 | 92 | Long-Short | BLDIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.23 | -0.00 | -0.17 | 67 | Systematic Trend | BLDIX vs ASFYX | |
| Concorde Wealth Management Fund | 0.29 | 0.39 | 0.47 | 71 | Diversified Portfolio | BLDIX vs CONWX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLDIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLDIX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.14, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.14 | 0.20 | 0.28 | 66 | Consumer Defensive |
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