Looking to diversify beyond BGCIX? The mutual funds below have the lowest correlation with BGCIX — 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 BGCIX.
Best Diversifiers for BGCIX
15 mutual funds have low correlation with BGCIX (below 0.3), 3 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.11 | -0.03 | 0.05 | 66 | Nontraditional Bonds | BGCIX vs PMOTX | |
| Artisan Global Unconstrained Fund | -0.09 | -0.08 | — | 99 | Nontraditional Bonds | BGCIX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.04 | 0.07 | 0.09 | 83 | Nontraditional Bonds | BGCIX vs RPIDX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.01 | -0.03 | -0.01 | 91 | Long-Short | BGCIX vs BDMIX | |
| PGIM Securitized Credit Fund | 0.04 | 0.10 | 0.24 | 99 | Nontraditional Bonds | BGCIX vs SCFZX |
See all 50 diversifiers for BGCIX
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