Looking to diversify beyond BROIX? The mutual funds below have historically moved differently from BROIX, 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 BROIX
1 mutual funds have low correlation with BROIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.00 | 0.25 | 0.21 | 85 | Tactical Allocation | BROIX vs PBAIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.21 | 0.16 | 98 | Equity Market Neutral | BROIX vs BDMIX | |
| BlackRock Event Driven Equity Fund | 0.42 | 0.51 | 0.58 | 82 | Event Driven | BROIX vs BILPX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.45 | 0.34 | 0.12 | 67 | Systematic Trend | BROIX vs ASFYX | |
| Federated Hermes International Strategic Value Div... | 0.47 | 0.58 | 0.70 | 88 | Foreign Large Cap Equities | BROIX vs IVFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BROIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.50 | 0.54 | 0.63 | 89 |
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