Looking to diversify beyond BACIX? The mutual funds below have historically moved differently from BACIX, 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 BACIX
19 mutual funds have low correlation with BACIX (below 0.3), 8 of which are negatively correlated. The least correlated is Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.15 | 0.14 | 0.29 | 72 | Diversified Portfolio, Municipal Bonds | BACIX vs VTMFX | |
| iShares S&P 500 Index Fund Class K | -0.11 | 0.16 | 0.30 | 63 | S&P 500 | BACIX vs WFSPX | |
| Fidelity Asset Manager 40% Fund | -0.11 | 0.16 | 0.28 | 78 | Diversified Portfolio | BACIX vs FFANX | |
| Vanguard Tax-Managed Capital Appreciation Fund Adm... | -0.10 | 0.17 | 0.31 | 62 | Large Cap Blend Equities | BACIX vs VTCLX | |
| Fidelity Asset Manager 70% Fund | -0.08 | 0.19 | 0.33 | 75 | Diversified Portfolio, Actively Managed | BACIX vs FASGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BACIX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.05 | 0.15 | 56 | Technology |
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