Looking to diversify beyond BROAX? The mutual funds below have the lowest correlation with BROAX — 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 BROAX.
Best Diversifiers for BROAX
0 mutual funds have low correlation with BROAX (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 0.37, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.37 | 0.21 | 0.16 | 95 | Long-Short | BROAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.33 | 0.14 | 60 | Systematic Trend | BROAX vs ASFYX | |
| Kopernik International Fund | 0.57 | 0.49 | 0.61 | 54 | Foreign Large Cap Equities | BROAX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.60 | 0.63 | 0.66 | 75 | Foreign Large Cap Equities | BROAX vs PTSIX | |
| Thornburg Global Opportunities Fund | 0.61 | 0.71 | 0.77 | 91 | Foreign Large Cap Equities | BROAX vs THOIX |
See all 26 diversifiers for BROAX
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