Looking to diversify beyond BCGIX? The mutual funds below have historically moved differently from BCGIX, 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 BCGIX
5 mutual funds have low correlation with BCGIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.19, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.19 | 0.04 | — | 72 | Energy Equities | BCGIX vs VENAX | |
| Fairholme Focused Income Fund | -0.04 | 0.17 | — | 73 | High Yield Bonds | BCGIX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.06 | 0.05 | — | 100 | Bank Loan, High Yield Bonds | BCGIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.08 | — | 100 | High Yield Bonds | BCGIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.19 | 0.26 | 100 | High Yield Bonds | BCGIX vs RPHIX |
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