Looking to diversify beyond BVDAX? The mutual funds below have the lowest correlation with BVDAX — 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 BVDAX.
Best Diversifiers for BVDAX
2 mutual funds have low correlation with BVDAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.21 | -0.01 | 0.14 | 73 | Diversified Portfolio | BVDAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.49 | 64 | Diversified Portfolio | BVDAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.62 | 96 | Diversified Portfolio | BVDAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.62 | 95 | Diversified Portfolio | BVDAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.62 | 96 | Diversified Portfolio | BVDAX vs FIQDX |
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