Looking to diversify beyond BBSOX? The mutual funds below have the lowest correlation with BBSOX — 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 BBSOX.
Best Diversifiers for BBSOX
22 mutual funds have low correlation with BBSOX (below 0.3), 1 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of -0.06, up from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.06 | -0.09 | -0.19 | 64 | Systematic Trend | BBSOX vs ASFYX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.06 | 0.13 | 0.05 | 98 | Ultrashort Bond | BBSOX vs TSDUX | |
| Tactical Multi-Purpose Fund | 0.07 | 0.07 | 0.04 | 100 | Ultrashort Bond | BBSOX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | 0.07 | 0.10 | — | 99 | Ultrashort Bond | BBSOX vs CBUDX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.08 | 0.00 | -0.01 | 96 | Long-Short | BBSOX vs BDMIX |
See all 31 diversifiers for BBSOX
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