Looking to diversify beyond BORAX? The mutual funds below have the lowest correlation with BORAX — 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 BORAX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | 0.01 | 0.02 | 95 | Long-Short | BORAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.19 | -0.07 | -0.19 | 60 | Systematic Trend | BORAX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.21 | 0.13 | 0.15 | 66 | Technology Equities | BORAX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.23 | 0.15 | 0.16 | 70 | Large Cap Growth Equities | BORAX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.32 | 0.22 | 0.19 | 66 | S&P 500 | BORAX vs WFSPX |
See all 20 diversifiers for BORAX
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