Looking to diversify beyond BRMSX? The mutual funds below have the lowest correlation with BRMSX — 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 BRMSX.
Best Diversifiers for BRMSX
8 mutual funds have low correlation with BRMSX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.15, up from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.15 | -0.25 | — | 99 | Nontraditional Bonds | BRMSX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.03 | — | — | 100 | Nontraditional Bonds | BRMSX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.06 | -0.04 | 0.08 | 99 | Nontraditional Bonds | BRMSX vs SCFZX | |
| Putnam Mortgage Opportunities Fund | 0.13 | 0.06 | 0.10 | 74 | Nontraditional Bonds | BRMSX vs PMOTX | |
| PGIM Absolute Return Bond Fund | 0.17 | -0.08 | -0.01 | 96 | Nontraditional Bonds | BRMSX vs PADZX |
See all 14 diversifiers for BRMSX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BRMSX
Add BRMSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BRMSX