Looking to diversify beyond BCAAX? The mutual funds below have the lowest correlation with BCAAX — 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 BCAAX.
Best Diversifiers for BCAAX
4 mutual funds have low correlation with BCAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.00 | 0.06 | — | 100 | High Yield Bonds | BCAAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.08 | 0.08 | — | 100 | High Yield Bonds | BCAAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.18 | — | 100 | High Yield Bonds | BCAAX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.30 | 0.60 | 0.74 | 55 | High Yield Bonds | BCAAX vs RCRYX | |
| RiverPark Strategic Income Fund | 0.42 | 0.37 | — | 68 | High Yield Bonds | BCAAX vs RSIIX |
See all 32 diversifiers for BCAAX
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