Looking to diversify beyond BEGRX? The mutual funds below have historically moved differently from BEGRX, 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 BEGRX
3 mutual funds have low correlation with BEGRX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.26, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.26 | 0.37 | 0.50 | 80 | Semiconductors, Technology Equities | BEGRX vs FSELX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.29 | 0.28 | 0.35 | 90 | Multistrategy, Systematic Trend, Global Equities | BEGRX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.29 | 0.28 | 0.35 | 89 | Multistrategy, Systematic Trend, Global Equities | BEGRX vs MBXAX | |
| Oberweis Global Opportunities Fund | 0.38 | 0.55 | 0.65 | 54 | Global Equities | BEGRX vs OBEGX | |
| American Funds The New Economy Fund® Class F-2 | 0.41 | 0.54 | 0.66 | 70 | Global Equities | BEGRX vs NEFFX |
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