Looking to diversify beyond BBGVX? The mutual funds below have historically moved differently from BBGVX, 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 BBGVX
1 mutual funds have low correlation with BBGVX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.27, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.27 | 0.15 | 0.12 | 99 | Government Bonds | BBGVX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.34 | 0.53 | 0.53 | 99 | Government Bonds | BBGVX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.34 | 0.11 | 0.36 | 99 | Government Bonds | BBGVX vs DFFGX | |
| Davis Government Bond Fund | 0.49 | 0.55 | 0.64 | 88 | Government Bonds | BBGVX vs RFBAX | |
| Vanguard Emerging Markets Government Bond Index Fu... | 0.61 | 0.67 | 0.62 | 59 | Government Bonds | BBGVX vs VGAVX |
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