Looking to diversify beyond BEXIX? The mutual funds below have the lowest correlation with BEXIX — 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 BEXIX.
Best Diversifiers for BEXIX
4 mutual funds have low correlation with BEXIX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.11, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.11 | 0.14 | 0.21 | 76 | Commodities | BEXIX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.08 | 0.14 | 0.20 | 75 | Commodities | BEXIX vs PCLIX | |
| MFS Commodity Strategy Fund | 0.06 | 0.22 | 0.24 | 72 | Commodities | BEXIX vs MCSFX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.12 | 0.09 | 100 | High Yield Bonds | BEXIX vs CCLFX | |
| LSV Small Cap Value Fund | 0.40 | 0.45 | 0.51 | 51 | Small Cap Value Equities | BEXIX vs LSVQX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BEXIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BEXIX and solid risk/return profiles. The least correlated is BigBear.ai Holdings, Inc. (BBAI) (Technology) with a 1Y correlation of 0.40, roughly unchanged from 0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BigBear.ai Holdings, Inc. | 0.40 | 0.38 | — | 52 | Technology |
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