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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.


See all 36 diversifiers for BRWIX

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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.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
The Coca-Cola Company-0.140.080.21
83
Consumer Defensive
Merck & Co., Inc.0.140.130.14
91
Healthcare
General Electric Company0.470.500.54
78
Industrials
GE Vernova Inc.0.52
89
Industrials

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Diversification Analysis

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