Looking to diversify beyond BRXIX? The mutual funds below have historically moved differently from BRXIX, 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 BRXIX
0 mutual funds have low correlation with BRXIX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Absolute Return Bond Fund (PADZX) (Nontraditional Bonds) with a 1Y correlation of 0.37, up from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Absolute Return Bond Fund | 0.37 | 0.23 | 0.10 | 97 | Nontraditional Bonds | BRXIX vs PADZX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.68 | 0.77 | 61 | Foreign Large Cap Equities | BRXIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.44 | 0.67 | 0.77 | 61 | Foreign Large Cap Equities | BRXIX vs GSIMX | |
| Federated Hermes International Strategic Value Div... | 0.45 | 0.55 | 0.67 | 88 | Foreign Large Cap Equities | BRXIX vs IVFIX | |
| MFS Value Fund | 0.49 | 0.56 | 0.65 | 67 | Large Cap Value Equities | BRXIX vs MEIAX |
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