Looking to diversify beyond BBMUX? The mutual funds below have historically moved differently from BBMUX, 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 BBMUX
9 mutual funds have low correlation with BBMUX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.06, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.06 | 0.17 | 0.23 | 91 | Municipal Bonds | BBMUX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.23 | 0.26 | 94 | Municipal Bonds | BBMUX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.24 | 0.33 | 0.39 | 98 | Municipal Bonds | BBMUX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.26 | 0.35 | 100 | Municipal Bonds | BBMUX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.25 | 0.25 | 0.23 | 99 | Municipal Bonds | BBMUX vs TFCYX |
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