Looking to diversify beyond BRCAX? The mutual funds below have the lowest correlation with BRCAX — 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 BRCAX.
Best Diversifiers for BRCAX
7 mutual funds have low correlation with BRCAX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Strategic Income Fund (FADMX) (Total Bond Market) with a 1Y correlation of -0.21, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Strategic Income Fund | -0.21 | -0.03 | 0.06 | 88 | Total Bond Market | BRCAX vs FADMX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.07 | -0.09 | -0.04 | 99 | Total Bond Market | BRCAX vs FCNVX | |
| Invesco Nasdaq 100 Index Fund | -0.00 | 0.09 | 0.12 | 76 | Large Cap Growth Equities | BRCAX vs IVNQX | |
| Invesco Equity and Income Fund | 0.00 | 0.13 | 0.23 | 67 | Diversified Portfolio | BRCAX vs ACEIX | |
| Invesco Comstock Fund | 0.02 | 0.14 | 0.25 | 59 | Large Cap Value Equities | BRCAX vs ACSTX |
See all 41 diversifiers for BRCAX
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