Looking to diversify beyond BAAPX? The mutual funds below have historically moved differently from BAAPX, 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 BAAPX
3 mutual funds have low correlation with BAAPX (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 -0.28, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.28 | -0.10 | 0.06 | 83 | Diversified Portfolio | BAAPX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.46 | 66 | Diversified Portfolio | BAAPX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.44 | 0.54 | 89 | Diversified Portfolio | BAAPX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.44 | 0.53 | 91 | Diversified Portfolio | BAAPX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.45 | 0.54 | 91 | Diversified Portfolio | BAAPX vs FSIRX |
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