Looking to diversify beyond BPLEX? The mutual funds below have historically moved differently from BPLEX, 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 BPLEX
13 mutual funds have low correlation with BPLEX (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.10 | — | — | 99 | Equity Market Neutral | BPLEX vs MMNIX | |
| AQR Style Premia Alternative Fund - Class I | -0.02 | 0.01 | 0.11 | 90 | Multistrategy | BPLEX vs QSPIX | |
| AQR Managed Futures Strategy HV Fund | -0.01 | 0.01 | -0.05 | 82 | Systematic Trend | BPLEX vs QMHIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.06 | 0.04 | 0.02 | 99 | Multistrategy | BPLEX vs SHRIX | |
| Federated Hermes MDT Market Neutral A | 0.11 | 0.08 | — | 54 | Long-Short | BPLEX vs QAMNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BPLEX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.24, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.24 | 0.43 | 0.57 | 61 | Financial Services | |
| Celestica Inc. | 0.25 | 0.35 | 0.42 | 73 | Technology | |
| AngloGold Ashanti Limited | 0.33 | 0.26 | 0.25 | 79 | Basic Materials | |
| General American Investors Company, Inc. | 0.48 | 0.59 | 0.62 | 93 | Financial Services |
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