Looking to diversify beyond BORAX? The mutual funds below have historically moved differently from BORAX, 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 BORAX
4 mutual funds have low correlation with BORAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.02 | -0.00 | 0.02 | 97 | Equity Market Neutral | BORAX vs BDMIX | |
| SEI Multi-Asset Real Return Fund Class A | 0.07 | 0.24 | 0.30 | 86 | Inflation-Protected Bonds | BORAX vs SEIAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.14 | -0.07 | -0.19 | 66 | Systematic Trend | BORAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.27 | 0.21 | 0.18 | 64 | Derivative Income | BORAX vs BDJ | |
| iShares S&P 500 Index Fund Class K | 0.32 | 0.21 | 0.19 | 63 | S&P 500 | BORAX vs WFSPX |
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