Looking to diversify beyond BBN? The mutual funds below have the lowest correlation with BBN — 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 BBN.
Best Diversifiers for BBN
27 mutual funds have low correlation with BBN (below 0.3), 4 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.09, up from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.09 | -0.15 | -0.21 | 51 | Systematic Trend | BBN vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.04 | -0.02 | 0.01 | 96 | Equity Market Neutral | BBN vs BDMIX | |
| DFA California Municipal Real Return Portfolio | -0.03 | 0.08 | 0.07 | 95 | Municipal Bonds | BBN vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.01 | 0.07 | 0.06 | 95 | Municipal Bonds | BBN vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.04 | 0.10 | 0.06 | 99 | Municipal Bonds | BBN vs FHMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BBN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BBN and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.03 | 0.08 | 0.06 | 53 | Financial Services | |
| Kinder Morgan, Inc. | -0.03 | 0.11 | 0.12 | 77 | Energy | |
| Snowflake Inc. | -0.01 | 0.09 | 0.11 | 60 | Technology | |
| Chubb Limited | -0.00 | 0.02 | 0.05 | 86 | Financial Services | |
| Micron Technology, Inc. | 0.03 | 0.06 | 0.10 | 99 | Technology |
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Build a portfolio that complements BBN
Add BBN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BBN