Looking to diversify beyond BMEAX? The mutual funds below have historically moved differently from BMEAX, 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 BMEAX
3 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 0.08, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.08 | 0.34 | 0.50 | 71 | MLPs, Energy Equities | BMEAX vs NML | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.25 | 0.09 | 0.06 | 97 | Equity Market Neutral | BMEAX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.25 | 0.09 | 0.06 | 97 | Equity Market Neutral | BMEAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.31 | 0.23 | 0.10 | 66 | Systematic Trend | BMEAX vs ASFYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.52 | 0.50 | 0.56 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | BMEAX vs QQQX |
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