Looking to diversify beyond BGEIX? The mutual funds below have the lowest correlation with BGEIX — 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 BGEIX.
Best Diversifiers for BGEIX
11 mutual funds have low correlation with BGEIX (below 0.3), 0 of which are negatively correlated. The least correlated is American Century Short Duration Inflation Protection Bond Fund Investor Class (APOIX) (Inflation-Protected Bonds) with a 1Y correlation of 0.19, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.19 | 0.25 | 0.33 | 73 | Inflation-Protected Bonds | BGEIX vs APOIX | |
| American Century California High Yield Municipal F... | 0.21 | 0.16 | 0.17 | 72 | Municipal Bonds | BGEIX vs BCHYX | |
| American Century California Intermediate-Term Tax-... | 0.23 | 0.17 | 0.18 | 70 | Municipal Bonds | BGEIX vs BCITX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.24 | 0.16 | 0.19 | 70 | Municipal Bonds | BGEIX vs TWTIX | |
| American Century Short-Term Government Fund | 0.25 | 0.21 | 0.25 | 58 | Government Bonds | BGEIX vs TWUSX |
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