Looking to diversify beyond BRACX? The mutual funds below have the lowest correlation with BRACX — 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 BRACX.
Best Diversifiers for BRACX
3 mutual funds have low correlation with BRACX (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 0.01 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 | 0.04 | 0.02 | 92 | Long-Short | BRACX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.04 | -0.14 | -0.33 | 67 | Systematic Trend | BRACX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.25 | 0.20 | 0.17 | 75 | Large Cap Growth Equities | BRACX vs NASDX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.32 | 0.27 | 0.19 | 70 | Large Cap Blend Equities | BRACX vs VTCLX | |
| iShares S&P 500 Index Fund | 0.32 | 0.26 | 0.18 | 73 | S&P 500 | BRACX vs WFSPX |
See all 11 diversifiers for BRACX
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