Looking to diversify beyond BSCFX? The mutual funds below have historically moved differently from BSCFX, 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 BSCFX
2 mutual funds have low correlation with BSCFX (below 0.3), 1 of which are negatively correlated. The least correlated is MFS Commodity Strategy Fund (MCSFX) (Commodities) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Commodity Strategy Fund | -0.07 | 0.04 | 0.10 | 69 | Commodities | BSCFX vs MCSFX | |
| Lord Abbett Short Duration Income Fund | 0.19 | 0.14 | 0.15 | 78 | Short-Term Bond | BSCFX vs LALDX | |
| Invesco Developing Markets Fund | 0.47 | 0.53 | 0.60 | 72 | Emerging Markets Equities | BSCFX vs ODMAX | |
| American Funds New World Fund | 0.49 | 0.62 | 0.72 | 54 | Emerging Markets Equities | BSCFX vs NFFFX | |
| Janus Henderson Global Equity Income Fund | 0.54 | 0.56 | 0.61 | 86 | Dividend, Foreign Large Cap Equities | BSCFX vs HFQAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSCFX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.24, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.24 | 0.39 | 0.55 | 56 | Technology | |
| Apple Inc | 0.34 | 0.37 | 0.51 | 89 | Technology |
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