Looking to diversify beyond BRAMX? The mutual funds below have historically moved differently from BRAMX, 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 BRAMX
7 mutual funds have low correlation with BRAMX (below 0.3), 2 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 -0.10, up from -0.34 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 ... | -0.10 | -0.17 | -0.34 | 63 | Systematic Trend | BRAMX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.06 | -0.01 | -0.01 | 98 | Equity Market Neutral | BRAMX vs BDMIX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.11 | 0.19 | 78 | Short-Term Bond | BRAMX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.14 | 0.61 | 0.69 | 55 | Short-Term Bond | BRAMX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.04 | 0.33 | 100 | Short-Term Bond | BRAMX vs DFCFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRAMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.25 | 0.19 | 0.19 | 88 |
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