Looking to diversify beyond BRASX? The mutual funds below have historically moved differently from BRASX, 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 BRASX
12 mutual funds have low correlation with BRASX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.13, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.13 | -0.15 | -0.16 | 97 | Long-Short | BRASX vs VMNFX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.10 | -0.12 | -0.31 | 63 | Systematic Trend | BRASX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.03 | 0.01 | 0.00 | 98 | Equity Market Neutral | BRASX vs BDMIX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.45 | 0.55 | 55 | Short-Term Bond | BRASX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.15 | 0.16 | 0.21 | 78 | Short-Term Bond | BRASX vs LCCMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRASX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.20 | 0.11 | 0.17 | 95 | Financial Services | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.24 | 0.13 | 0.16 | 88 |
Build a portfolio that complements BRASX
Add BRASX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BRASX