Looking to diversify beyond BROKX? The mutual funds below have the lowest correlation with BROKX — 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 BROKX.
Best Diversifiers for BROKX
0 mutual funds have low correlation with BROKX (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 | BROKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.13 | 51 | Systematic Trend | BROKX vs ASFYX | |
| Federated Hermes International Strategic Value Div... | 0.52 | 0.60 | 0.71 | 61 | Foreign Large Cap Equities | BROKX vs IVFIX | |
| Thornburg Global Opportunities Fund | 0.61 | 0.70 | 0.77 | 86 | Foreign Large Cap Equities | BROKX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.65 | 0.70 | 0.80 | 83 | Foreign Large Cap Equities | BROKX vs TIVFX |
See all 21 diversifiers for BROKX
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