Looking to diversify beyond BTCFX? The mutual funds below have the lowest correlation with BTCFX — 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 BTCFX.
Best Diversifiers for BTCFX
5 mutual funds have low correlation with BTCFX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.10 | 0.00 | — | 99 | Multisector Bonds | BTCFX vs NWXHX | |
| Delaware Floating Rate Fund | 0.13 | 0.05 | — | 95 | Bank Loan | BTCFX vs DDFLX | |
| Oil Equipment & Services UltraSector ProFund | 0.18 | 0.14 | — | 90 | Energy Equities | BTCFX vs OEPIX | |
| Thornburg Investment Income Builder Fund | 0.26 | 0.20 | — | 98 | Global Allocation | BTCFX vs TIBAX | |
| Fidelity Advisor Biotechnology Fund Class C | 0.26 | 0.23 | — | 73 | Health & Biotech Equities | BTCFX vs FBTCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTCFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTCFX and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.19, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.19 | 0.16 | — | 83 | Real Estate | |
| Blackstone Mortgage Trust, Inc. | 0.19 | 0.20 | — | 51 | Real Estate | |
| NVIDIA Corporation | 0.34 | 0.26 | — | 82 | Technology |
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