Looking to diversify beyond BROIX? The mutual funds below have the lowest correlation with BROIX — 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 BROIX.
Best Diversifiers for BROIX
1 mutual funds have low correlation with BROIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.05 | 0.22 | 0.21 | 81 | Tactical Allocation | BROIX vs PBAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.36 | 0.21 | 0.15 | 96 | Long-Short | BROIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.33 | 0.14 | 64 | Systematic Trend | BROIX vs ASFYX | |
| Delaware Ivy Systematic Emerging Markets Equity Fu... | 0.50 | 0.55 | 0.60 | 73 | Emerging Markets Diversified | BROIX vs IPOAX | |
| BlackRock Event Driven Equity Fund | 0.50 | 0.53 | 0.59 | 76 | Event Driven | BROIX vs BILPX |
See all 40 diversifiers for BROIX
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