Looking to diversify beyond BMN? The mutual funds below have historically moved differently from BMN, 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 BMN
136 mutual funds have low correlation with BMN (below 0.3), 10 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | -0.02 | — | 91 | Municipal Bonds | BMN vs DCARX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.05 | -0.03 | — | 66 | Systematic Trend | BMN vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.03 | -0.02 | — | 97 | Equity Market Neutral | BMN vs BDMIX | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | -0.03 | 0.09 | — | 67 | Municipal Bonds | BMN vs PRMDX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.00 | — | 94 | Municipal Bonds | BMN vs DMREX |
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