Looking to diversify beyond BLUEX? The mutual funds below have the lowest correlation with BLUEX — 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 BLUEX.
Best Diversifiers for BLUEX
22 mutual funds have low correlation with BLUEX (below 0.3), 0 of which are negatively correlated. The least correlated is One Rock Fund (ONERX) (Large Cap Growth Equities) with a 1Y correlation of 0.13, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| One Rock Fund | 0.13 | 0.29 | 0.45 | 89 | Large Cap Growth Equities | BLUEX vs ONERX | |
| AMG Veritas Asia Pacific Fund | 0.22 | 0.38 | 0.45 | 92 | Asia Pacific Equities | BLUEX vs MGSEX | |
| Columbia Global Technology Growth Fund Class A | 0.22 | 0.35 | 0.53 | 78 | Technology Equities, Large Cap Growth Equities | BLUEX vs CTCAX | |
| Alger Large Cap Growth Portfolio Fund | 0.22 | 0.36 | 0.54 | 51 | Large Cap Growth Equities | BLUEX vs AAGOX | |
| Fidelity OTC Portfolio Class K | 0.23 | 0.39 | 0.57 | 90 | Large Cap Growth Equities | BLUEX vs FOCKX |
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