Looking to diversify beyond BAAPX? The mutual funds below have the lowest correlation with BAAPX — 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 BAAPX.
Best Diversifiers for BAAPX
1 mutual funds have low correlation with BAAPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.48 | 67 | Diversified Portfolio | BAAPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.46 | 0.55 | 82 | Diversified Portfolio | BAAPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.55 | 86 | Diversified Portfolio | BAAPX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.46 | 0.55 | 88 | Diversified Portfolio | BAAPX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.31 | 0.47 | 0.56 | 87 | Diversified Portfolio | BAAPX vs FSRRX |
See all 37 diversifiers for BAAPX
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