Looking to diversify beyond BMCAX? The mutual funds below have the lowest correlation with BMCAX — 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 BMCAX.
Best Diversifiers for BMCAX
0 mutual funds have low correlation with BMCAX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.40, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.29 | 0.13 | 51 | Systematic Trend | BMCAX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.41 | 0.25 | 0.14 | 96 | Equity Market Neutral | BMCAX vs BDMIX | |
| American Funds The Income Fund of America Class A | 0.45 | 0.55 | 0.65 | 57 | Diversified Portfolio, Dividend | BMCAX vs AMECX | |
| Baron Partners Fund | 0.55 | 0.64 | 0.72 | 75 | Large Cap Growth Equities | BMCAX vs BPTRX | |
| American Funds Capital Income Builder Class A | 0.56 | 0.61 | 0.68 | 71 | Diversified Portfolio | BMCAX vs CAIBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BMCAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BMCAX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.25, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.25 | -0.04 | 0.13 | 67 | Energy | |
| Enterprise Products Partners L.P. | -0.17 | 0.10 | 0.23 | 83 | Energy | |
| FLEX LNG Ltd | -0.12 | 0.06 | 0.19 | 88 | Energy | |
| AbbVie Inc. | -0.10 | 0.04 | 0.12 | 77 | Healthcare | |
| Western Midstream Partners, LP | -0.05 | 0.16 | 0.26 | 77 | Energy |
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