Looking to diversify beyond BTEKX? The mutual funds below have historically moved differently from BTEKX, 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 BTEKX
0 mutual funds have low correlation with BTEKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Equity Dividend Fund Institutional Shares (MADVX) (Large Cap Value Equities) with a 1Y correlation of 0.40, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Equity Dividend Fund Institutional Share... | 0.40 | 0.40 | 0.52 | 92 | Large Cap Value Equities | BTEKX vs MADVX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.42 | 0.27 | 0.14 | 98 | Equity Market Neutral | BTEKX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.43 | 0.27 | 0.15 | 98 | Equity Market Neutral | BTEKX vs BDMAX | |
| ARK Venture Fund | 0.43 | 0.53 | — | 99 | Technology Equities | BTEKX vs ARKVX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.43 | 0.31 | 0.13 | 63 | Systematic Trend | BTEKX vs ASFYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTEKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.63 | 0.65 | 0.70 | 88 |
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