Looking to diversify beyond BSBAX? The mutual funds below have the lowest correlation with BSBAX — 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 BSBAX.
Best Diversifiers for BSBAX
10 mutual funds have low correlation with BSBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.02 | 0.08 | 0.20 | 77 | Short-Term Bond | BSBAX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.15 | 0.25 | 0.39 | 99 | Short-Term Bond | BSBAX vs DFAIX | |
| Holbrook Income Fund | 0.22 | 0.32 | 0.37 | 97 | Short-Term Bond | BSBAX vs HOBEX | |
| GuidePath Absolute Return Allocation Fund | 0.26 | 0.58 | 0.65 | 71 | Short-Term Bond | BSBAX vs GPARX | |
| Northern Small Cap Index Fund | 0.26 | 0.16 | 0.17 | 64 | Small Cap Blend Equities | BSBAX vs NSIDX |
See all 20 diversifiers for BSBAX
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