Looking to diversify beyond BSPGX? The mutual funds below have historically moved differently from BSPGX, 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 BSPGX
1 mutual funds have low correlation with BSPGX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term TIPS Bond Index Fund Class K | 0.08 | 0.08 | 0.11 | 59 | Inflation-Protected Bonds | BSPGX vs BKIPX | |
| Vanguard Equity Income Fund Admiral Shares | 0.61 | 0.70 | 0.77 | 84 | Dividend, Large Cap Value Equities | BSPGX vs VEIRX | |
| Invesco Equally-Weighted S&P 500 Fund | 0.71 | 0.79 | 0.87 | 69 | S&P 500 | BSPGX vs VADDX | |
| Fidelity Advisor Focused Emerging Markets Fund Cla... | 0.72 | 0.61 | 0.60 | 76 | Emerging Markets Equities | BSPGX vs FZAEX | |
| Dodge & Cox International Stock Fund | 0.72 | 0.65 | 0.70 | 82 | Foreign Large Cap Equities, Large Cap Value Equities, Actively Managed | BSPGX vs DODFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BSPGX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.32 | 0.50 | 61 | Financial Services |
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