Looking to diversify beyond BPTRX? The mutual funds below have historically moved differently from BPTRX, 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 BPTRX
13 mutual funds have low correlation with BPTRX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.08, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.08 | 0.15 | 0.22 | 87 | Energy Equities | BPTRX vs FSENX | |
| AQR Managed Futures Strategy Fund - Class I | -0.07 | -0.05 | -0.13 | 90 | Systematic Trend | BPTRX vs AQMIX | |
| Parametric Commodity Strategy Fund Class A | 0.04 | 0.13 | 0.14 | 84 | Commodities | BPTRX vs EAPCX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.09 | 0.08 | 0.09 | 91 | Inflation-Protected Bonds | BPTRX vs VTAPX | |
| Nationwide Amundi Strategic Income Fund | 0.09 | 0.06 | -0.00 | 99 | Multisector Bonds | BPTRX vs NWXHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BPTRX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.21 | 0.05 | 0.14 | 70 | Energy | |
| Chevron Corporation | -0.19 | 0.01 | 0.10 | 80 | Energy | |
| Exxon Mobil Corporation | -0.18 | 0.02 | 0.10 | 84 | Energy | |
| Altria Group, Inc. | -0.17 | -0.00 | 0.03 | 66 | Consumer Defensive | |
| BP p.l.c. | -0.15 | 0.08 | 0.17 | 84 | Energy |
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