Looking to diversify beyond BXMIX? The mutual funds below have historically moved differently from BXMIX, 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 BXMIX
25 mutual funds have low correlation with BXMIX (below 0.3), 3 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.12, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.12 | 0.04 | 0.08 | 89 | Multistrategy | BXMIX vs GAAVX | |
| Stone Ridge Diversified Alternatives Fund | -0.09 | -0.10 | -0.04 | 92 | Multistrategy | BXMIX vs SRDAX | |
| GuideStone Funds Strategic Alternatives Fund | -0.01 | -0.06 | -0.09 | 93 | Multistrategy | BXMIX vs GFSYX | |
| AQR Style Premia Alternative R6 | 0.03 | -0.04 | -0.06 | 90 | Multistrategy | BXMIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 0.04 | -0.03 | -0.06 | 90 | Multistrategy | BXMIX vs QSPIX |
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