Looking to diversify beyond BRLVX? The mutual funds below have historically moved differently from BRLVX, 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 BRLVX
3 mutual funds have low correlation with BRLVX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.07, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.07 | 0.48 | 0.63 | 62 | Quality Factor, Large Cap Value Equities | BRLVX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.17 | 0.52 | 0.66 | 93 | Large Cap Value Equities | BRLVX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.21 | 0.54 | 0.75 | 72 | Dividend, Large Cap Value Equities | BRLVX vs LEIFX | |
| American Beacon Frontier Markets Income Fund | 0.33 | 0.26 | 0.28 | 99 | Emerging Markets Bonds | BRLVX vs AGEPX | |
| American Beacon Developing World Income Fund Class... | 0.33 | 0.27 | 0.28 | 99 | Emerging Markets Bonds | BRLVX vs AGEYX |
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