Looking to diversify beyond BRUFX? The mutual funds below have historically moved differently from BRUFX, 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 BRUFX
6 mutual funds have low correlation with BRUFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.10 | 0.35 | 66 | Diversified Portfolio | BRUFX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.14 | 0.23 | 0.26 | 83 | Diversified Portfolio | BRUFX vs SIFAX | |
| Virtus Diversified Income & Convertible Fund | 0.19 | 0.31 | 0.39 | 64 | Diversified Portfolio, Convertible Bonds | BRUFX vs ACV | |
| Federated Hermes Capital Income Fund | 0.23 | 0.40 | 0.57 | 72 | Diversified Portfolio | BRUFX vs CAPAX | |
| Standpoint Multi-Asset Fund Institutional | 0.25 | 0.31 | 0.34 | 84 | Diversified Portfolio | BRUFX vs BLNDX |
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