Looking to diversify beyond BBVLX? The mutual funds below have historically moved differently from BBVLX, 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 BBVLX
4 mutual funds have low correlation with BBVLX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.17, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.17 | 0.51 | 0.66 | 62 | Quality Factor, Large Cap Value Equities | BBVLX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.57 | 0.69 | 93 | Large Cap Value Equities | BBVLX vs LEXCX | |
| Bridge Builder Municipal Bond Fund | 0.28 | 0.18 | 0.10 | 67 | Municipal Bonds | BBVLX vs BBMUX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.29 | 0.20 | 0.14 | 51 | Global Bonds | BBVLX vs TNBMX | |
| AMG Yacktman Focused Fund | 0.42 | 0.63 | 0.76 | 89 | Large Cap Value Equities | BBVLX vs YAFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBVLX, 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 U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.58, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.58 | 0.64 | 0.69 | 88 | Financial Services |
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