Looking to diversify beyond BMN? The mutual funds below have the lowest correlation with BMN — 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 BMN.
Best Diversifiers for BMN
136 mutual funds have low correlation with BMN (below 0.3), 8 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.07 | -0.02 | -0.01 | 95 | Municipal Bonds | BMN vs DCARX | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | -0.05 | 0.08 | 0.05 | 78 | Municipal Bonds | BMN vs PRMDX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.04 | -0.03 | — | 51 | Systematic Trend | BMN vs ASFYX | |
| DFA Municipal Real Return Portfolio | -0.03 | 0.00 | — | 95 | Municipal Bonds | BMN vs DMREX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.03 | -0.01 | — | 96 | Equity Market Neutral | BMN vs BDMIX |
See all 136 diversifiers for BMN
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