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
24 mutual funds have low correlation with BBN (below 0.3), 4 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.11 | 0.07 | 0.07 | 96 | Municipal Bonds | BBN vs DCARX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.07 | -0.15 | -0.22 | 67 | Systematic Trend | BBN vs ASFYX | |
| DFA Municipal Real Return Portfolio | -0.03 | 0.06 | 0.06 | 95 | Municipal Bonds | BBN vs DMREX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.00 | -0.01 | 0.01 | 91 | Long-Short | BBN vs BDMIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.09 | 0.06 | 98 | 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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.02 | 0.11 | 0.12 | 61 | Energy | |
| Micron Technology, Inc. | -0.01 | 0.06 | 0.10 | 99 | Technology | |
| Snowflake Inc. | 0.01 | 0.11 | 0.12 | 54 | Technology | |
| Alibaba Group Holding Limited | 0.04 | 0.08 | 0.11 | 51 | Consumer Cyclical | |
| Nokia Corporation | 0.04 | 0.12 | 0.16 | 97 | 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