Looking to diversify beyond BAGIX? The mutual funds below have the lowest correlation with BAGIX — 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 BAGIX.
Best Diversifiers for BAGIX
6 mutual funds have low correlation with BAGIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Commodity Strategy Portfolio (DCMSX) (Commodities) with a 1Y correlation of -0.25, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Commodity Strategy Portfolio | -0.25 | -0.07 | -0.02 | 81 | Commodities | BAGIX vs DCMSX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.12 | 0.24 | 0.26 | 100 | Ultrashort Bond | BAGIX vs BUBIX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.25 | -0.27 | 99 | Total Bond Market | BAGIX vs JSOSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.15 | 0.25 | 0.26 | 99 | Total Bond Market | BAGIX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.15 | 0.19 | 0.22 | 99 | Total Bond Market | BAGIX vs FJTDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAGIX and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.09 | 0.08 | 0.07 | 98 | Technology |
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