Looking to diversify beyond BCX? The mutual funds below have the lowest correlation with BCX — 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 BCX.
Best Diversifiers for BCX
4 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 0.16, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.16 | 0.09 | 0.04 | 96 | Equity Market Neutral | BCX vs BDMIX | |
| Adams Diversified Equity Fund, Inc. | 0.23 | 0.37 | 0.43 | 82 | Large Cap Blend Equities | BCX vs ADX | |
| BlackRock Enhanced Large Cap Core Fund | 0.26 | 0.35 | 0.42 | 88 | Derivative Income | BCX vs CII | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.28 | 0.33 | 0.35 | 59 | Large Cap Growth Equities | BCX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.33 | 0.42 | 0.45 | 65 | S&P 500 | BCX vs WFSPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BCX and solid risk/return profiles. The least correlated is PIMCO Dynamic Income Opportunities Fund (PDO) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.23 | 0.25 | 0.30 | 70 | Financial Services | |
| BlackRock Science and Technology Trust | 0.25 | 0.32 | 0.36 | 87 | Financial Services | |
| Reaves Utility Income Trust | 0.28 | 0.32 | 0.35 | 75 | Financial Services | |
| Chevron Corporation | 0.30 | 0.48 | 0.59 | 67 | Energy | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.33 | 0.37 | 0.40 | 84 | Financial Services |
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