Looking to diversify beyond BROKX? The mutual funds below have historically moved differently from BROKX, 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 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 0.39, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.22 | 0.16 | 97 | Equity Market Neutral | BROKX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.46 | 0.34 | 0.13 | 66 | Systematic Trend | BROKX vs ASFYX | |
| Federated Hermes International Strategic Value Div... | 0.47 | 0.59 | 0.70 | 88 | Foreign Large Cap Equities | BROKX vs IVFIX | |
| Kopernik International Fund | 0.58 | 0.49 | 0.61 | 66 | Foreign Large Cap Equities | BROKX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.60 | 0.63 | 0.65 | 95 | Foreign Large Cap Equities | BROKX vs PTSIX |
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