Looking to diversify beyond BTEKX? The mutual funds below have the lowest correlation with BTEKX — 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 BTEKX.
Best Diversifiers for BTEKX
0 mutual funds have low correlation with BTEKX (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 0.37, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.37 | 0.25 | 0.13 | 96 | Equity Market Neutral | BTEKX vs BDMIX | |
| ARK Venture Fund | 0.41 | 0.53 | 0.57 | 99 | Technology Equities | BTEKX vs ARKVX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.44 | 0.31 | 0.14 | 58 | Systematic Trend | BTEKX vs ASFYX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.49 | 0.55 | 0.67 | 73 | Technology Equities | BTEKX vs GTTIX | |
| Fidelity Asset Manager 40% Fund | 0.80 | 0.76 | 0.80 | 78 | Diversified Portfolio | BTEKX vs FFANX |
See all 28 diversifiers for BTEKX
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