Looking to diversify beyond BAGPX? The mutual funds below have the lowest correlation with BAGPX — 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 BAGPX.
Best Diversifiers for BAGPX
1 mutual funds have low correlation with BAGPX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.47 | 75 | Diversified Portfolio | BAGPX vs MHELX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.31 | 0.49 | 0.57 | 88 | Diversified Portfolio | BAGPX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.48 | 0.57 | 87 | Diversified Portfolio | BAGPX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.32 | 0.49 | 0.57 | 86 | Diversified Portfolio | BAGPX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.48 | 0.56 | 82 | Diversified Portfolio | BAGPX vs FCSRX |
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