Looking to diversify beyond BTO? The mutual funds below have the lowest correlation with BTO — 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 BTO.
Best Diversifiers for BTO
4 mutual funds have low correlation with BTO (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.13 | 0.21 | 0.25 | 63 | Emerging Markets Bonds | BTO vs EDF | |
| John Hancock Disciplined Value Global Long/Short F... | 0.21 | 0.17 | 0.17 | 80 | Long-Short | BTO vs JAKRX | |
| Adams Diversified Equity Fund, Inc. | 0.29 | 0.40 | 0.44 | 67 | Large Cap Blend Equities | BTO vs ADX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.29 | 0.41 | 0.45 | 93 | Multistrategy | BTO vs JAAAX | |
| JHancock Infrastructure Fund | 0.33 | 0.40 | 0.42 | 56 | Energy Equities | BTO vs JEEIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTO and solid risk/return profiles. The least correlated is Central Securities Corp. (CET) (Financial Services) with a 1Y correlation of 0.46, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Central Securities Corp. | 0.46 | 0.48 | 0.49 | 81 | Financial Services |
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