Looking to diversify beyond BTCFX? The mutual funds below have historically moved differently from BTCFX, 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 BTCFX
6 mutual funds have low correlation with BTCFX (below 0.3), 0 of which are negatively correlated. The least correlated is ProFunds UltraSector Oil & Gas Fund (ENPIX) (Leveraged Equities) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 0.03 | 0.08 | — | 63 | Leveraged Equities | BTCFX vs ENPIX | |
| Nationwide Amundi Strategic Income Fund | 0.16 | 0.02 | — | 99 | Multisector Bonds | BTCFX vs NWXHX | |
| Oil Equipment & Services UltraSector ProFund | 0.17 | 0.15 | — | 77 | Energy Equities | BTCFX vs OEPIX | |
| Delaware Floating Rate Fund | 0.19 | 0.08 | — | 96 | Bank Loan | BTCFX vs DDFLX | |
| Fidelity Advisor Biotechnology Fund Class C | 0.22 | 0.23 | — | 95 | Health & Biotech Equities | BTCFX vs FBTCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTCFX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.00, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.00 | 0.05 | 0.13 | 70 | Energy | |
| Realty Income Corporation | 0.00 | 0.04 | 0.09 | 77 | Real Estate | |
| Prologis, Inc. | 0.18 | 0.16 | 0.20 | 90 | Real Estate | |
| NVIDIA Corporation | 0.30 | 0.24 | 0.32 | 56 | Technology |
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