Looking to diversify beyond BCGDX? The mutual funds below have historically moved differently from BCGDX, 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 BCGDX
0 mutual funds have low correlation with BCGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.34, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.34 | 0.32 | 0.37 | 90 | Multistrategy, Systematic Trend, Global Equities | BCGDX vs MBXIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.37 | 0.63 | 0.74 | 70 | Quality Factor, Global Equities | BCGDX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.44 | 0.54 | 0.64 | 79 | Infrastructure Equities, Global Equities | BCGDX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.52 | 0.62 | 0.72 | 66 | Infrastructure Equities, Global Equities | BCGDX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.57 | 0.70 | 0.78 | 53 | Global Equities, Low Volatility | BCGDX vs SVTAX |
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