Looking to diversify beyond BCGIX? The mutual funds below have the lowest correlation with BCGIX — 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 BCGIX.
Best Diversifiers for BCGIX
3 mutual funds have low correlation with BCGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.04 | 0.05 | — | 100 | 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 | 0.20 | 0.18 | — | 99 | High Yield Bonds | BCGIX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.42 | 0.46 | — | 96 | High Yield Bonds | BCGIX vs PRFRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.45 | 0.64 | — | 69 | High Yield Bonds | BCGIX vs FHYSX |
See all 21 diversifiers for BCGIX
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