Looking to diversify beyond BPTRX? The mutual funds below have the lowest correlation with BPTRX — 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 BPTRX.
Best Diversifiers for BPTRX
12 mutual funds have low correlation with BPTRX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund (AQMIX) (Systematic Trend) with a 1Y correlation of -0.06, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | -0.06 | -0.05 | -0.12 | 90 | Systematic Trend | BPTRX vs AQMIX | |
| Fidelity Select Energy Portfolio | -0.01 | 0.17 | 0.23 | 63 | Energy Equities | BPTRX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.09 | 0.09 | 91 | Inflation-Protected Bonds | BPTRX vs VTAPX | |
| Nationwide Amundi Strategic Income Fund | 0.08 | 0.05 | -0.00 | 99 | Multisector Bonds | BPTRX vs NWXHX | |
| Parametric Commodity Strategy Fund Class A | 0.09 | 0.14 | 0.15 | 77 | Commodities | BPTRX vs EAPCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BPTRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BPTRX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.01 | 0.03 | 79 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | -0.00 | 0.11 | 82 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.12 | 0.03 | 0.12 | 71 | Energy | |
| Chevron Corporation | -0.11 | 0.04 | 0.13 | 67 | Energy | |
| Occidental Petroleum Corporation | -0.11 | 0.08 | 0.15 | 60 | Energy |
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Build a portfolio that complements BPTRX
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