Looking to diversify beyond BAGIX? The mutual funds below have historically moved differently from BAGIX, 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 BAGIX
7 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 -0.28, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Commodity Strategy Portfolio | -0.28 | -0.10 | -0.03 | 80 | Commodities | BAGIX vs DCMSX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.13 | 0.25 | 0.26 | 100 | Ultrashort Bond | BAGIX vs FCNVX | |
| Fidelity Flex Conservative Income Bond Fund | 0.13 | 0.17 | 0.22 | 100 | Total Bond Market | BAGIX vs FJTDX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.16 | 0.23 | 0.27 | 99 | Ultrashort Bond | BAGIX vs BUBIX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.17 | -0.22 | -0.27 | 99 | Total Bond Market | BAGIX vs JSOSX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BAGIX, 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 Intel Corporation (INTC) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | 0.10 | 0.07 | 0.08 | 98 | Technology |
Build a portfolio that complements BAGIX
Add BAGIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BAGIX