Looking to diversify beyond BBGLX? The mutual funds below have historically moved differently from BBGLX, 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 BBGLX
2 mutual funds have low correlation with BBGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Bridge Builder Municipal Bond Fund (BBMUX) (Municipal Bonds) with a 1Y correlation of 0.22, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridge Builder Municipal Bond Fund | 0.22 | 0.13 | 0.12 | 67 | Municipal Bonds | BBGLX vs BBMUX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.25 | 0.14 | 0.14 | 51 | Global Bonds | BBGLX vs TNBMX | |
| MFS Value Fund | 0.38 | 0.49 | 0.65 | 70 | Large Cap Value Equities | BBGLX vs MEIKX | |
| MFS Total Return Fund | 0.41 | 0.50 | 0.67 | 68 | Diversified Portfolio | BBGLX vs MSFRX | |
| JPMorgan Emerging Markets Debt Fund | 0.44 | 0.32 | 0.35 | 68 | Emerging Markets Bonds | BBGLX vs JEMDX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBGLX, 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 U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.31, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.31 | 0.36 | 0.44 | 88 | Financial Services |
Build a portfolio that complements BBGLX
Add BBGLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BBGLX