Looking to diversify beyond BJBHX? The mutual funds below have the lowest correlation with BJBHX — 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 BJBHX.
Best Diversifiers for BJBHX
6 mutual funds have low correlation with BJBHX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.00 | 0.00 | 100 | High Yield Bonds | BJBHX vs XILSX | |
| abrdn Ultra Short Municipal Income Fund | 0.01 | 0.03 | 0.03 | 99 | Municipal Bonds | BJBHX vs ATOIX | |
| Cliffwater Corporate Lending Fund | 0.04 | 0.09 | 0.11 | 100 | High Yield Bonds | BJBHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.20 | 0.27 | 100 | High Yield Bonds | BJBHX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.24 | 0.58 | 0.70 | 52 | High Yield Bonds | BJBHX vs RCRYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BJBHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BJBHX and solid risk/return profiles. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.33, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.33 | 0.45 | 0.46 | 81 | Real Estate |
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