Looking to diversify beyond BGB? The mutual funds below have the lowest correlation with BGB — 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 BGB.
Best Diversifiers for BGB
9 mutual funds have low correlation with BGB (below 0.3), 2 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.02 | 0.02 | 100 | High Yield Bonds | BGB vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.00 | 0.10 | 0.12 | 100 | High Yield Bonds | BGB vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.15 | 0.11 | 0.12 | 100 | High Yield Bonds | BGB vs CCLFX | |
| Blackstone Alternative Multi-Strategy Fund | 0.16 | 0.20 | 0.25 | 99 | Multistrategy | BGB vs BXMIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.17 | 0.27 | 0.33 | 71 | High Yield Bonds | BGB vs FHYSX |
See all 28 diversifiers for BGB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements BGB
Add BGB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BGB