Looking to diversify beyond BRIAX? The mutual funds below have the lowest correlation with BRIAX — 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 BRIAX.
Best Diversifiers for BRIAX
1 mutual funds have low correlation with BRIAX (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 0.22, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.22 | 0.11 | 0.08 | 92 | Long-Short | BRIAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.15 | -0.02 | 67 | Systematic Trend | BRIAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.59 | 0.56 | 0.64 | 75 | Large Cap Growth Equities | BRIAX vs NASDX | |
| Dimensional Retirement Income Fund | 0.71 | 0.78 | 0.77 | 83 | Target Retirement Date | BRIAX vs TDIFX | |
| iShares S&P 500 Index Fund | 0.71 | 0.69 | 0.74 | 73 | S&P 500 | BRIAX vs WFSPX |
See all 62 diversifiers for BRIAX
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