Looking to diversify beyond BLNDX? The mutual funds below have historically moved differently from BLNDX, 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 BLNDX
16 mutual funds have low correlation with BLNDX (below 0.3), 1 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.08, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.08 | -0.11 | -0.07 | 93 | Multistrategy | BLNDX vs SRDAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.00 | 0.07 | 0.28 | 68 | Diversified Portfolio | BLNDX vs MHELX | |
| AQR Style Premia Alternative Fund Class N | 0.01 | -0.03 | -0.03 | 88 | Multistrategy | BLNDX vs QSPNX | |
| Hennessy Total Return Fund | 0.03 | 0.28 | 0.38 | 73 | Diversified Portfolio | BLNDX vs HDOGX | |
| Hennessy Balanced Fund | 0.09 | 0.31 | 0.39 | 91 | Diversified Portfolio | BLNDX vs HBFBX |
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