Looking to diversify beyond BBBIX? The mutual funds below have the lowest correlation with BBBIX — 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 BBBIX.
Best Diversifiers for BBBIX
16 mutual funds have low correlation with BBBIX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.06, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.06 | 0.21 | 0.28 | 99 | Ultrashort Bond | BBBIX vs ENIAX | |
| Tactical Multi-Purpose Fund | 0.08 | -0.03 | -0.01 | 100 | Ultrashort Bond | BBBIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.10 | 0.11 | 0.15 | 100 | Ultrashort Bond | BBBIX vs NUSIX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.10 | 0.36 | 0.40 | 99 | Ultrashort Bond | BBBIX vs TRSTX | |
| DFA One Year Fixed Income Portfolio | 0.12 | 0.02 | 0.23 | 100 | Ultrashort Bond | BBBIX vs DFIHX |
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