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
10 mutual funds have low correlation with BPTRX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund (AQMIX) (Systematic Trend) with a 1Y correlation of -0.05, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund | -0.05 | -0.03 | -0.11 | 91 | Systematic Trend | BPTRX vs AQMIX | |
| Nationwide Amundi Strategic Income Fund | 0.04 | 0.05 | -0.01 | 99 | Multisector Bonds | BPTRX vs NWXHX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.08 | 0.09 | 89 | Inflation-Protected Bonds | BPTRX vs VTAPX | |
| Parametric Commodity Strategy Fund Class A | 0.10 | 0.13 | 0.16 | 57 | Commodities | BPTRX vs EAPCX | |
| Fidelity Floating Rate High Income Fund | 0.18 | 0.23 | 0.26 | 93 | Bank Loan | BPTRX vs FFRHX |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.17 | -0.00 | 0.10 | 73 | Consumer Defensive | |
| Altria Group, Inc. | -0.16 | -0.00 | 0.04 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | -0.03 | 0.02 | 63 | Utilities | |
| Exxon Mobil Corporation | -0.10 | 0.04 | 0.12 | 69 | Energy | |
| The Southern Company | -0.09 | -0.01 | 0.04 | 56 | Utilities |
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