Looking to diversify beyond BLNDX? The mutual funds below have the lowest correlation with BLNDX — 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 BLNDX.
Best Diversifiers for BLNDX
6 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 -0.12, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.12 | -0.13 | -0.08 | 89 | Multistrategy | BLNDX vs SRDAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.10 | 0.32 | 64 | Diversified Portfolio | BLNDX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.14 | 0.35 | 0.44 | 85 | Diversified Portfolio | BLNDX vs CAPAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.20 | 0.16 | 0.19 | 99 | Diversified Portfolio | BLNDX vs STDAX | |
| Hennessy Balanced Fund | 0.23 | 0.35 | 0.43 | 66 | Diversified Portfolio | BLNDX vs HBFBX |
See all 410 diversifiers for BLNDX
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