Looking to diversify beyond BBBMX? The mutual funds below have historically moved differently from BBBMX, 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 BBBMX
15 mutual funds have low correlation with BBBMX (below 0.3), 1 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.01 | 0.02 | 0.01 | 100 | Ultrashort Bond | BBBMX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.04 | 0.12 | 0.11 | 99 | Ultrashort Bond | BBBMX vs CBUDX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.04 | 0.22 | 0.26 | 99 | Ultrashort Bond | BBBMX vs BUBIX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.09 | 0.32 | 0.36 | 98 | Ultrashort Bond | BBBMX vs TRSTX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.10 | 0.14 | 0.00 | 97 | Ultrashort Bond | BBBMX vs TSDUX |
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