Looking to diversify beyond BGCKX? The mutual funds below have the lowest correlation with BGCKX — 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 BGCKX.
Best Diversifiers for BGCKX
3 mutual funds have low correlation with BGCKX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.17 | — | — | 99 | Equity Market Neutral | BGCKX vs MMNIX | |
| Six Circles Credit Opportunities Fund | -0.01 | -0.00 | 0.01 | 83 | High Yield Bonds | BGCKX vs CRDOX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.28 | 0.15 | 0.13 | 67 | Systematic Trend | BGCKX vs ASFYX | |
| BlackRock LifePath Index 2055 Fund | 0.33 | 0.19 | 0.12 | 69 | Target Retirement Date | BGCKX vs LIVIX | |
| Fidelity Asset Manager 70% Fund | 0.33 | 0.19 | 0.12 | 77 | Diversified Portfolio | BGCKX vs FASGX |
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