Looking to diversify beyond BACAX? The mutual funds below have historically moved differently from BACAX, 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 BACAX
23 mutual funds have low correlation with BACAX (below 0.3), 10 of which are negatively correlated. The least correlated is BlackRock Strategic Income Opportunities Fund Class I (BSIIX) (Total Bond Market) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Strategic Income Opportunities Fund Clas... | -0.30 | -0.05 | 0.03 | 64 | Total Bond Market | BACAX vs BSIIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.15 | 0.14 | 0.29 | 72 | Diversified Portfolio, Municipal Bonds | BACAX vs VTMFX | |
| PRIMECAP Odyssey Aggressive Growth Fund | -0.11 | 0.14 | 0.25 | 78 | Mid Cap Growth Equities | BACAX vs POAGX | |
| iShares S&P 500 Index Fund Class K | -0.11 | 0.16 | 0.30 | 63 | S&P 500 | BACAX vs WFSPX | |
| Fidelity Asset Manager 40% Fund | -0.11 | 0.16 | 0.28 | 78 | Diversified Portfolio | BACAX vs FFANX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BACAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.05, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.05 | 0.23 | 0.35 | 71 | Financial Services |
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