Looking to diversify beyond BBGSX? The mutual funds below have historically moved differently from BBGSX, 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 BBGSX
2 mutual funds have low correlation with BBGSX (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 0.24, 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 | 0.24 | 0.15 | 0.12 | 67 | Municipal Bonds | BBGSX vs BBMUX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.26 | 0.18 | 0.15 | 51 | Global Bonds | BBGSX vs TNBMX | |
| JPMorgan Emerging Markets Debt Fund | 0.42 | 0.34 | 0.35 | 68 | Emerging Markets Bonds | BBGSX vs JEMDX | |
| MFS Total Return Fund | 0.48 | 0.61 | 0.71 | 68 | Diversified Portfolio | BBGSX vs MSFRX | |
| Eaton Vance Income Fund of Boston | 0.48 | 0.46 | 0.49 | 60 | High Yield Bonds | BBGSX vs EVIBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBGSX, 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 0.36, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.36 | 0.45 | 0.49 | 88 | Financial Services |
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