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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) 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 Equity Market Neutral Fund Class ... | 0.37 | 0.21 | 0.16 | 96 | Equity Market Neutral | BROAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.50 | 0.34 | 0.14 | 51 | Systematic Trend | BROAX vs ASFYX | |
| Federated Hermes International Strategic Value Div... | 0.52 | 0.60 | 0.71 | 61 | Foreign Large Cap Equities | BROAX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.61 | 0.70 | 0.77 | 86 | Foreign Large Cap Equities | BROAX vs THOIX | |
| PIMCO RAE PLUS International Fund | 0.61 | 0.63 | 0.66 | 82 | Foreign Large Cap Equities | BROAX vs PTSIX |
See all 26 diversifiers for BROAX
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