Looking to diversify beyond BRASX? The mutual funds below have the lowest correlation with BRASX — 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 BRASX.
Best Diversifiers for BRASX
14 mutual funds have low correlation with BRASX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.14, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.14 | -0.15 | -0.16 | 95 | Long-Short | BRASX vs VMNFX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | -0.07 | -0.11 | -0.30 | 58 | Systematic Trend | BRASX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund Class ... | -0.02 | 0.02 | 0.01 | 96 | Equity Market Neutral | BRASX vs BDMIX | |
| DFA Two-Year Fixed Income Portfolio | 0.10 | 0.00 | 0.34 | 100 | Short-Term Bond | BRASX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.15 | 0.48 | 0.56 | 63 | Short-Term Bond | BRASX vs GPARX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRASX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRASX and solid risk/return profiles. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.19 | 0.12 | 0.17 | 94 | Financial Services |
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