Looking to diversify beyond BRACX? The mutual funds below have historically moved differently from BRACX, 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 BRACX
2 mutual funds have low correlation with BRACX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.04, up from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.04 | -0.13 | -0.32 | 66 | Systematic Trend | BRACX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.01 | 0.03 | 0.02 | 97 | Equity Market Neutral | BRACX vs BDMIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.36 | 0.29 | 0.20 | 64 | Derivative Income | BRACX vs BDJ | |
| iShares S&P 500 Index Fund Class K | 0.38 | 0.27 | 0.21 | 63 | S&P 500 | BRACX vs WFSPX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | 0.39 | 0.28 | 0.21 | 62 | Large Cap Blend Equities | BRACX vs VTCLX |
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