Looking to diversify beyond BMCIX? The mutual funds below have historically moved differently from BMCIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.03, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.20 | 0.16 | 85 | Tactical Allocation | BMCIX vs PBAIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.26 | 0.09 | 0.06 | 97 | Equity Market Neutral | BMCIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.33 | 0.23 | 0.11 | 66 | Systematic Trend | BMCIX vs ASFYX | |
| Federated Hermes Strategic Value Dividend Fund | 0.39 | 0.60 | 0.73 | 94 | Large Cap Value Equities | BMCIX vs SVAIX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.46 | 0.44 | 0.50 | 54 | Emerging Markets Equities | BMCIX vs IPOAX |
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