Looking to diversify beyond BLZIX? The mutual funds below have the lowest correlation with BLZIX — 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 BLZIX.
Best Diversifiers for BLZIX
1 mutual funds have low correlation with BLZIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.20, up from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.20 | 0.08 | 0.03 | 92 | Long-Short | BLZIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.32 | 0.15 | 67 | Systematic Trend | BLZIX vs ASFYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.53 | 0.65 | 0.70 | 86 | Emerging Markets Diversified | BLZIX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.66 | 0.76 | 0.80 | 94 | Emerging Markets Diversified | BLZIX vs EMPTX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.67 | 0.63 | 0.63 | 70 | Large Cap Blend Equities | BLZIX vs VTCLX |
See all 31 diversifiers for BLZIX
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