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 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 | BROKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.33 | 0.14 | 60 | Systematic Trend | BROKX vs ASFYX | |
| Kopernik International Fund | 0.58 | 0.50 | 0.61 | 54 | Foreign Large Cap Equities | BROKX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.61 | 0.70 | 0.77 | 91 | Foreign Large Cap Equities | BROKX vs THOIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.61 | 0.60 | 0.66 | 66 | Technology Equities | BROKX vs BGSAX |
See all 24 diversifiers for BROKX
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