Looking to diversify beyond BBN? The mutual funds below have historically moved differently from BBN, 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 BBN
24 mutual funds have low correlation with BBN (below 0.3), 4 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of -0.09, up from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | -0.09 | -0.14 | -0.22 | 66 | Systematic Trend | BBN vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.06 | -0.02 | 0.01 | 97 | Equity Market Neutral | BBN vs BDMIX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.07 | 0.06 | 94 | Municipal Bonds | BBN vs DMREX | |
| DFA California Municipal Real Return Portfolio | -0.01 | 0.08 | 0.07 | 91 | Municipal Bonds | BBN vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.10 | 0.06 | 99 | Municipal Bonds | BBN vs FHMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBN, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.05, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.05 | 0.02 | 0.05 | 89 | Financial Services | |
| Berkshire Hathaway Inc. | -0.05 | 0.08 | 0.06 | 61 | Financial Services | |
| Snowflake Inc. | -0.00 | 0.08 | 0.11 | 62 | Technology | |
| Kinder Morgan, Inc. | 0.00 | 0.10 | 0.12 | 72 | Energy | |
| NextEra Energy, Inc. | 0.02 | 0.21 | 0.23 | 77 | Utilities |
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