Looking to diversify beyond BRW? The mutual funds below have historically moved differently from BRW, 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 BRW
40 mutual funds have low correlation with BRW (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Low Duration High Yield Fund (CBLDX) (Multisector Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | 0.01 | 0.04 | 0.09 | 96 | Multisector Bonds | BRW vs CBLDX | |
| North Square Strategic Income Fund | 0.03 | 0.09 | 0.13 | 67 | Multisector Bonds | BRW vs ADVNX | |
| Rational Special Situations Income Fund | 0.03 | 0.05 | 0.06 | 98 | Multisector Bonds | BRW vs RFXIX | |
| Nationwide Strategic Income A | 0.04 | 0.09 | 0.08 | 99 | Multisector Bonds | BRW vs NWXEX | |
| Easterly Income Opportunities Fund | 0.04 | 0.04 | 0.07 | 82 | Multisector Bonds | BRW vs JSVIX |
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