Looking to diversify beyond BCX? The mutual funds below have historically moved differently from BCX, 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 BCX
3 mutual funds have low correlation with BCX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.18, up from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.18 | 0.09 | 0.05 | 97 | Equity Market Neutral | BCX vs BDMIX | |
| Adams Diversified Equity Fund, Inc. | 0.24 | 0.37 | 0.42 | 83 | Large Cap Blend Equities | BCX vs ADX | |
| Baron Real Estate Income Fund | 0.25 | 0.36 | 0.39 | 57 | REIT | BCX vs BRIIX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.30 | 0.40 | 0.43 | 72 | Diversified Portfolio, Municipal Bonds | BCX vs VTMFX | |
| iShares S&P 500 Index Fund Class K | 0.31 | 0.41 | 0.44 | 63 | S&P 500 | BCX vs WFSPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BCX, 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 Bank of America Corporation (BAC) (Financial Services) with a 1Y correlation of 0.12, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bank of America Corporation | 0.12 | 0.30 | 0.38 | 81 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.19 | 0.23 | 0.29 | 65 | Financial Services | |
| BlackRock Science and Technology Trust | 0.26 | 0.32 | 0.36 | 80 | Financial Services | |
| Chevron Corporation | 0.31 | 0.49 | 0.59 | 80 | Energy | |
| Reaves Utility Income Trust | 0.31 | 0.33 | 0.36 | 55 | Financial Services |
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