Looking to diversify beyond BACAX? The mutual funds below have the lowest correlation with BACAX — 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 BACAX.
Best Diversifiers for BACAX
13 mutual funds have low correlation with BACAX (below 0.3), 8 of which are negatively correlated. The least correlated is Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) (Large Cap Growth Equities) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | -0.12 | 0.08 | 0.20 | 76 | Large Cap Growth Equities | BACAX vs NASDX | |
| T. Rowe Price Global Technology Fund | -0.10 | 0.09 | 0.17 | 91 | Technology Equities | BACAX vs PRGTX | |
| PrimeCap Odyssey Aggressive Growth Fund | -0.09 | 0.16 | 0.28 | 84 | Mid Cap Growth Equities | BACAX vs POAGX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.09 | 0.18 | 0.32 | 81 | Diversified Portfolio | BACAX vs VTMFX | |
| iShares S&P 500 Index Fund | -0.06 | 0.19 | 0.33 | 74 | S&P 500 | BACAX vs WFSPX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BACAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BACAX and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.06, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.06 | 0.26 | 0.37 | 60 | Financial Services |
Build a portfolio that complements BACAX
Add BACAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BACAX