Looking to diversify beyond BWBIX? The mutual funds below have historically moved differently from BWBIX, 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 BWBIX
15 mutual funds have low correlation with BWBIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.22, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.10 | -0.01 | 83 | Diversified Portfolio | BWBIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.50 | 68 | Diversified Portfolio | BWBIX vs MHELX | |
| Hennessy Total Return Fund | 0.22 | 0.41 | 0.47 | 73 | Diversified Portfolio | BWBIX vs HDOGX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.43 | 0.49 | 91 | Diversified Portfolio | BWBIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.42 | 0.48 | 91 | Diversified Portfolio | BWBIX vs FSIRX |
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