Looking to diversify beyond BRWIX? The mutual funds below have the lowest correlation with BRWIX — 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 BRWIX.
Best Diversifiers for BRWIX
2 mutual funds have low correlation with BRWIX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG GW&K Municipal Enhanced Yield Fund (GWMEX) (High Yield Muni) with a 1Y correlation of 0.26, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG GW&K Municipal Enhanced Yield Fund | 0.26 | 0.21 | 0.20 | 72 | High Yield Muni | BRWIX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.29 | 0.24 | 0.21 | 65 | Municipal Bonds | BRWIX vs GWMIX | |
| Baron Partners Fund | 0.47 | 0.59 | 0.67 | 67 | Large Cap Growth Equities | BRWIX vs BPTRX | |
| AMG Yacktman Focused Fund | 0.56 | 0.68 | 0.75 | 86 | Large Cap Value Equities | BRWIX vs YAFFX | |
| AMG Yacktman Fund | 0.61 | 0.72 | 0.78 | 86 | Large Cap Value Equities | BRWIX vs YACKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRWIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRWIX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | 0.08 | 0.21 | 83 | Consumer Defensive | |
| Merck & Co., Inc. | 0.14 | 0.13 | 0.14 | 91 | Healthcare | |
| General Electric Company | 0.47 | 0.50 | 0.54 | 78 | Industrials | |
| GE Vernova Inc. | 0.52 | — | — | 89 | Industrials |
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