Looking to diversify beyond BTFAX? The mutual funds below have the lowest correlation with BTFAX — 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 BTFAX.
Best Diversifiers for BTFAX
9 mutual funds have low correlation with BTFAX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.23 | -0.25 | — | 99 | Nontraditional Bonds | BTFAX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.09 | -0.00 | 0.02 | 78 | Nontraditional Bonds | BTFAX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | 0.04 | 0.02 | 0.04 | 74 | Nontraditional Bonds | BTFAX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | BTFAX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.12 | 0.19 | 0.08 | 99 | Nontraditional Bonds | BTFAX vs EIGMX |
See all 16 diversifiers for BTFAX
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