Looking to diversify beyond BMCIX? The mutual funds below have the lowest correlation with BMCIX — 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 BMCIX.
Best Diversifiers for BMCIX
2 mutual funds have low correlation with BMCIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.02 | 0.20 | 0.17 | 75 | Tactical Allocation | BMCIX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.10 | 0.07 | 95 | Long-Short | BMCIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.23 | 0.12 | 60 | Systematic Trend | BMCIX vs ASFYX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.62 | 0.74 | 78 | Large Cap Value Equities | BMCIX vs SVAIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.44 | 0.42 | 0.53 | 66 | Technology Equities | BMCIX vs BGSAX |
See all 25 diversifiers for BMCIX
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