Looking to diversify beyond BTBFX? The mutual funds below have the lowest correlation with BTBFX — 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 BTBFX.
Best Diversifiers for BTBFX
7 mutual funds have low correlation with BTBFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.48 | 64 | Diversified Portfolio | BTBFX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.16 | 0.11 | 92 | Long-Short | BTBFX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.46 | 0.54 | 95 | Diversified Portfolio | BTBFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.47 | 0.54 | 96 | Diversified Portfolio | BTBFX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.46 | 0.54 | 96 | Diversified Portfolio | BTBFX vs FIQDX |
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