Looking to diversify beyond BPLEX? The mutual funds below have the lowest correlation with BPLEX — 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 BPLEX.
Best Diversifiers for BPLEX
8 mutual funds have low correlation with BPLEX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.11 | — | — | 99 | Equity Market Neutral | BPLEX vs MMNIX | |
| AQR Managed Futures Strategy HV Fund | 0.02 | 0.01 | -0.04 | 85 | Systematic Trend | BPLEX vs QMHIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.13 | 0.06 | 0.03 | 100 | Multistrategy | BPLEX vs SRRIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.15 | 0.13 | 0.23 | 95 | Long-Short | BPLEX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.16 | 0.14 | 0.23 | 95 | Long-Short | BPLEX vs VMNFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BPLEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BPLEX and solid risk/return profiles. The least correlated is Insmed Incorporated (INSM) (Healthcare) with a 1Y correlation of 0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Insmed Incorporated | 0.07 | 0.20 | 0.22 | 52 | Healthcare | |
| Celestica Inc. | 0.28 | 0.35 | 0.42 | 85 | Technology | |
| AngloGold Ashanti Limited | 0.35 | 0.27 | 0.26 | 79 | Basic Materials | |
| General American Investors Company, Inc. | 0.48 | 0.59 | 0.62 | 92 | Financial Services |
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