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
1 mutual funds have low correlation with BMEAX (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 0.22, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.08 | 0.06 | 92 | Long-Short | BMEAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.37 | 0.23 | 0.12 | 67 | Systematic Trend | BMEAX vs ASFYX | |
| BlackRock Enhanced Large Cap Core Fund | 0.47 | 0.55 | 0.65 | 85 | Derivative Income | BMEAX vs CII | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.58 | 0.52 | 0.59 | 75 | Large Cap Growth Equities | BMEAX vs NASDX | |
| Virtus Equity & Convertible Income Fund | 0.58 | 0.58 | 0.64 | 70 | Derivative Income | BMEAX vs NIE |
See all 15 diversifiers for BMEAX
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