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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.28, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.28 | 0.11 | 0.05 | 95 | Equity Market Neutral | BLZIX vs BDMIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.45 | 0.61 | 0.69 | 82 | Emerging Markets Diversified | BLZIX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.68 | 0.77 | 0.80 | 75 | Emerging Markets Diversified | BLZIX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.70 | 0.77 | 0.80 | 67 | Emerging Markets Diversified | BLZIX vs CEMFX | |
| iShares S&P 500 Index Fund Class K | 0.71 | 0.64 | 0.63 | 51 | S&P 500 | BLZIX vs WFSPX |
See all 23 diversifiers for BLZIX
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