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
45 mutual funds have low correlation with BRW (below 0.3), 1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | -0.01 | 0.03 | 0.09 | 97 | Multisector Bonds | BRW vs CBLDX | |
| Rational Special Situations Income Fund | 0.02 | 0.03 | 0.06 | 98 | Multisector Bonds | BRW vs RFXIX | |
| Nationwide Amundi Strategic Income Fund | 0.06 | 0.12 | 0.09 | 99 | Multisector Bonds | BRW vs NWXHX | |
| Federated Hermes Strategic Income Fund | 0.06 | 0.14 | 0.21 | 54 | Multisector Bonds | BRW vs SINCX | |
| Nationwide Strategic Income A | 0.07 | 0.10 | 0.08 | 99 | Multisector Bonds | BRW vs NWXEX |
See all 45 diversifiers for BRW
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