Looking to diversify beyond BRW? The mutual funds below have the lowest correlation with BRW — 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 BRW.
Best Diversifiers for BRW
48 mutual funds have low correlation with BRW (below 0.3), 2 of which are negatively correlated. The least correlated is CrossingBridge Low Duration High Yield Fund (CBLDX) (Multisector Bonds) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | -0.06 | 0.01 | 0.08 | 97 | Multisector Bonds | BRW vs CBLDX | |
| Rational Special Situations Income Fund | -0.02 | 0.03 | 0.05 | 97 | Multisector Bonds | BRW vs RFXIX | |
| Nationwide Strategic Income A | 0.01 | 0.08 | 0.07 | 99 | Multisector Bonds | BRW vs NWXEX | |
| Easterly Income Opportunities Fund | 0.02 | 0.03 | 0.07 | 79 | Multisector Bonds | BRW vs JSVIX | |
| Angel Oak Multi-Strategy Income Fund | 0.03 | 0.16 | 0.14 | 94 | Multisector Bonds | BRW vs ANGLX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRW and solid risk/return profiles. The least correlated is The Buckle, Inc. (BKE) (Consumer Cyclical) with a 1Y correlation of 0.16, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Buckle, Inc. | 0.16 | 0.18 | 0.20 | 52 | Consumer Cyclical |
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