Looking to diversify beyond BTO? The mutual funds below have historically moved differently from BTO, 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 BTO
6 mutual funds have low correlation with BTO (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.14, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.14 | 0.25 | 0.31 | 80 | Semiconductors, Technology Equities | BTO vs FSELX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.19 | — | — | 94 | Long-Short | BTO vs JAKRX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.20 | — | — | 94 | Long-Short | BTO vs JAKVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.23 | 0.39 | 0.44 | 96 | Multistrategy | BTO vs JAAAX | |
| JHancock Infrastructure Fund | 0.26 | 0.37 | 0.41 | 82 | Infrastructure Equities, Energy Equities | BTO vs JEEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTO, 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 Tri-Continental Corporation (TY) (Financial Services) with a 1Y correlation of 0.38, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tri-Continental Corporation | 0.38 | 0.50 | 0.50 | 87 | Financial Services | |
| Central Securities Corporation | 0.43 | 0.47 | 0.49 | 80 | Financial Services |
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