Looking to diversify beyond BEQGX? The mutual funds below have historically moved differently from BEQGX, 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 BEQGX
1 mutual funds have low correlation with BEQGX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century California High Yield Municipal Fund (BCHYX) (Municipal Bonds) with a 1Y correlation of 0.21, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century California High Yield Municipal F... | 0.21 | 0.14 | 0.11 | 87 | Municipal Bonds | BEQGX vs BCHYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.14 | 0.12 | 97 | Large Cap Blend Equities | BEQGX vs SVPFX | |
| American Century Equity Income Fund Class I | 0.40 | 0.51 | 0.66 | 84 | Dividend, Large Cap Value Equities | BEQGX vs ACIIX | |
| American Century Equity Income Fund | 0.40 | 0.50 | 0.66 | 83 | Dividend, Large Cap Value Equities | BEQGX vs TWEIX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.62 | 0.79 | 53 | Large Cap Blend Equities | BEQGX vs QIACX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BEQGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.41 | 0.43 | 0.48 | 88 | Financial Services | |
| NVIDIA Corporation | 0.50 | 0.56 | 0.63 | 56 | Technology |
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