Looking to diversify beyond BRXAX? The mutual funds below have the lowest correlation with BRXAX — 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 BRXAX.
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 0.49, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.49 | 0.57 | 0.68 | 61 | Foreign Large Cap Equities | BRXAX vs IVFIX | |
| Fidelity Blue Chip Growth Fund | 0.68 | 0.65 | 0.69 | 61 | Large Cap Growth Equities | BRXAX vs FBGRX | |
| Northern Income Equity Fund | 0.69 | 0.69 | 0.73 | 76 | Large Cap Value Equities | BRXAX vs NOIEX | |
| EuroPac International Dividend Income Fund | 0.72 | 0.71 | 0.75 | 76 | Foreign Large Cap Equities | BRXAX vs EPDIX | |
| PIMCO RAE International Fund | 0.72 | 0.81 | 0.86 | 57 | Foreign Large Cap Equities | BRXAX vs PPYPX |
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