Looking to diversify beyond BWBIX? The mutual funds below have the lowest correlation with BWBIX — 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 BWBIX.
Best Diversifiers for BWBIX
13 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 -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | -0.06 | 0.01 | 73 | Diversified Portfolio | BWBIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.19 | 0.52 | 64 | Diversified Portfolio | BWBIX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.22 | 0.54 | 0.68 | 85 | Diversified Portfolio | BWBIX vs CAPAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.46 | 0.50 | 95 | Diversified Portfolio | BWBIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.46 | 0.50 | 96 | Diversified Portfolio | BWBIX vs FSIRX |
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