Looking to diversify beyond BMEAX? The mutual funds below have the lowest correlation with BMEAX — 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 BMEAX.
Best Diversifiers for BMEAX
2 mutual funds have low correlation with BMEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.10, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.10 | 0.36 | 0.51 | 57 | MLPs, Energy Equities | BMEAX vs NML | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.26 | 0.10 | 0.06 | 96 | Equity Market Neutral | BMEAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.37 | 0.23 | 0.11 | 51 | Systematic Trend | BMEAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.44 | 0.42 | 0.53 | 50 | Technology Equities | BMEAX vs BGSAX | |
| BlackRock Enhanced Large Cap Core Fund | 0.45 | 0.54 | 0.65 | 88 | Derivative Income | BMEAX vs CII |
See all 21 diversifiers for BMEAX
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