Looking to diversify beyond UBVLX? The mutual funds below have historically moved differently from UBVLX, 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 UBVLX
3 mutual funds have low correlation with UBVLX (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 0.06, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.06 | 0.02 | 0.00 | 98 | Equity Market Neutral | UBVLX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.16 | 0.14 | 0.07 | 63 | Systematic Trend | UBVLX vs ASFYX | |
| Aegis Value Fund Class I | 0.28 | 0.42 | 0.53 | 95 | Small Cap Value Equities | UBVLX vs AVALX | |
| iShares S&P 500 Index Fund Class K | 0.47 | 0.58 | 0.68 | 75 | S&P 500 | UBVLX vs WFSPX | |
| Fidelity Asset Manager 85% Fund | 0.47 | 0.61 | 0.70 | 79 | Diversified Portfolio | UBVLX vs FAMRX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UBVLX, 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. | 0.30 | 0.43 | 0.57 | 88 |
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