Looking to diversify beyond BBCPX? The mutual funds below have the lowest correlation with BBCPX — 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 BBCPX.
Best Diversifiers for BBCPX
6 mutual funds have low correlation with BBCPX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.13, up from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.13 | -0.23 | -0.26 | 99 | Total Bond Market | BBCPX vs JSOSX | |
| JPMorgan Emerging Markets Equity Fund Class I | 0.17 | 0.12 | 0.11 | 92 | Emerging Markets Equities | BBCPX vs JEMSX | |
| Lord Abbett Convertible Fund | 0.18 | 0.18 | 0.16 | 87 | Convertible Bonds | BBCPX vs LCFYX | |
| DFA Emerging Markets Value Portfolio | 0.19 | 0.13 | 0.11 | 91 | Emerging Markets Diversified | BBCPX vs DFEVX | |
| American Funds New World Fund Class F-3 | 0.26 | 0.21 | 0.18 | 66 | Emerging Markets Diversified | BBCPX vs FNWFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBCPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBCPX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.11, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.11 | 0.11 | 0.05 | 69 | Financial Services |
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