Looking to diversify beyond BGCIX? The mutual funds below have historically moved differently from BGCIX, 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 BGCIX
10 mutual funds have low correlation with BGCIX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.11 | -0.07 | — | 99 | Nontraditional Bonds | BGCIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.09 | -0.02 | 0.04 | 88 | Nontraditional Bonds | BGCIX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | — | — | 100 | Nontraditional Bonds | BGCIX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | 0.02 | 0.05 | 0.01 | 100 | Nontraditional Bonds | BGCIX vs CELFX | |
| PGIM Securitized Credit Fund | 0.04 | 0.14 | 0.25 | 100 | Nontraditional Bonds | BGCIX vs SCFZX |
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