Looking to diversify beyond BRWIX? The mutual funds below have historically moved differently from BRWIX, 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 BRWIX
3 mutual funds have low correlation with BRWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cromwell CenterSquare Real Estate Fund (MRESX) (REIT) with a 1Y correlation of 0.19, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cromwell CenterSquare Real Estate Fund | 0.19 | 0.42 | 0.55 | 56 | REIT | BRWIX vs MRESX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.26 | 0.21 | 0.20 | 77 | High Yield Muni | BRWIX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.29 | 0.24 | 0.21 | 57 | Municipal Bonds | BRWIX vs GWMIX | |
| AMG Yacktman Special Opportunities Fund | 0.49 | 0.56 | 0.64 | 55 | Foreign Small & Mid Cap Equities | BRWIX vs YASLX | |
| AMG Yacktman Focused Fund | 0.56 | 0.68 | 0.75 | 89 | Large Cap Value Equities | BRWIX vs YAFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRWIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | 0.07 | 0.21 | 90 | Consumer Defensive | |
| Merck & Co., Inc. | 0.11 | 0.14 | 0.14 | 96 | Healthcare | |
| General Electric Company | 0.49 | 0.50 | 0.54 | 74 | Industrials | |
| GE Vernova Inc. | 0.51 | 0.51 | 0.51 | 76 | Industrials |
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