Looking to diversify beyond BEGIX? The mutual funds below have historically moved differently from BEGIX, 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 BEGIX
3 mutual funds have low correlation with BEGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Sterling Capital West Virginia Intermediate Tax-Free Fund (OWVAX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sterling Capital West Virginia Intermediate Tax-Fr... | 0.17 | 0.13 | 0.10 | 63 | Municipal Bonds | BEGIX vs OWVAX | |
| Sterling Capital South Carolina Intermediate Tax-F... | 0.18 | 0.13 | 0.10 | 53 | Municipal Bonds | BEGIX vs BSCIX | |
| Allspring Emerging Markets Equity Income Fund | 0.21 | 0.30 | 0.41 | 63 | Dividend, Emerging Markets Equities | BEGIX vs EQIIX | |
| AMG Yacktman Focused Fund | 0.32 | 0.57 | 0.69 | 89 | Large Cap Value Equities | BEGIX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.56 | 0.66 | 93 | Large Cap Value Equities | BEGIX vs LEXCX |
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