Looking to diversify beyond BRASX? The mutual funds below have the lowest correlation with BRASX — 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 BRASX.
Best Diversifiers for BRASX
14 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 -0.14, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.14 | -0.15 | -0.15 | 62 | Long-Short | BRASX vs VMNFX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.09 | 0.01 | 0.00 | 92 | Long-Short | BRASX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.04 | -0.14 | -0.30 | 67 | Systematic Trend | BRASX vs ASFYX | |
| DFA Two-Year Fixed Income Portfolio | 0.01 | -0.01 | 0.33 | 66 | Short-Term Bond | BRASX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.16 | 0.22 | 75 | Short-Term Bond | BRASX vs LCCMX |
See all 27 diversifiers for BRASX
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