Looking to diversify beyond BBIEX? The mutual funds below have the lowest correlation with BBIEX — 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 BBIEX.
Best Diversifiers for BBIEX
0 mutual funds have low correlation with BBIEX (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 0.31, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridge Builder Municipal Bond Fund | 0.31 | 0.21 | 0.16 | 70 | Municipal Bonds | BBIEX vs BBMUX | |
| JPMorgan Emerging Markets Debt Fund | 0.47 | 0.42 | 0.43 | 77 | Emerging Markets Bonds | BBIEX vs JEMDX | |
| Eaton Vance Income Fund of Boston | 0.51 | 0.51 | 0.53 | 59 | High Yield Bonds | BBIEX vs EVIBX | |
| PGIM High Yield Fund Class R6 | 0.53 | 0.50 | 0.52 | 69 | High Yield Bonds | BBIEX vs PHYQX | |
| BlackRock High Yield K | 0.54 | 0.54 | 0.58 | 78 | High Yield Bonds | BBIEX vs BRHYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBIEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBIEX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.39, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.39 | 0.42 | 0.50 | 76 | Financial Services |
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