Looking to diversify beyond BBVSX? The mutual funds below have historically moved differently from BBVSX, 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 BBVSX
2 mutual funds have low correlation with BBVSX (below 0.3), 0 of which are negatively correlated. The least correlated is Bridge Builder Municipal Bond Fund (BBMUX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridge Builder Municipal Bond Fund | 0.25 | 0.15 | 0.09 | 67 | Municipal Bonds | BBVSX vs BBMUX | |
| T. Rowe Price International Bond Fund (USD Hedged) | 0.25 | 0.20 | 0.13 | 51 | Global Bonds | BBVSX vs TNBMX | |
| JPMorgan Emerging Markets Debt Fund | 0.40 | 0.36 | 0.35 | 68 | Emerging Markets Bonds | BBVSX vs JEMDX | |
| Eaton Vance Income Fund of Boston | 0.42 | 0.46 | 0.48 | 60 | High Yield Bonds | BBVSX vs EVIBX | |
| DFA Emerging Markets Value Portfolio | 0.42 | 0.48 | 0.55 | 66 | Emerging Markets Equities | BBVSX vs DFEVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BBVSX, 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 0.59, 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 | 0.59 | 0.65 | 0.69 | 88 | Financial Services |
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