Looking to diversify beyond BRXAX? The mutual funds below have historically moved differently from BRXAX, 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 BRXAX
0 mutual funds have low correlation with BRXAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.43, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.43 | 0.55 | 0.67 | 88 | Foreign Large Cap Equities | BRXAX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.43 | 0.67 | 0.77 | 53 | Foreign Large Cap Equities | BRXAX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.67 | 0.77 | 54 | Foreign Large Cap Equities | BRXAX vs GSIMX | |
| Dodge & Cox Stock Fund Class X | 0.48 | 0.60 | — | 60 | Large Cap Value Equities, Actively Managed | BRXAX vs DOXGX | |
| MFS Value Fund | 0.48 | 0.56 | 0.65 | 75 | Large Cap Value Equities | BRXAX vs MEIKX |
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