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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.33, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.33 | 0.23 | 0.11 | 93 | Long-Short | BTEKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.29 | 0.12 | 68 | Systematic Trend | BTEKX vs ASFYX | |
| ARK Venture Fund | 0.42 | 0.54 | 0.59 | 99 | Technology Equities | BTEKX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.53 | 0.57 | 0.67 | 77 | Technology Equities | BTEKX vs GTTIX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.77 | 0.79 | 0.82 | 93 | Technology Equities | BTEKX vs STK |
See all 22 diversifiers for BTEKX
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