Looking to diversify beyond BGEIX? The mutual funds below have historically moved differently from BGEIX, 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 BGEIX
13 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 0.15, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Century Short Duration Inflation Protecti... | 0.15 | 0.24 | 0.33 | 80 | Inflation-Protected Bonds | BGEIX vs APOIX | |
| American Century California High Yield Municipal F... | 0.19 | 0.17 | 0.18 | 87 | Municipal Bonds | BGEIX vs BCHYX | |
| American Century Short-Term Government Fund | 0.19 | 0.19 | 0.24 | 76 | Government Bonds | BGEIX vs TWUSX | |
| American Century California Intermediate-Term Tax-... | 0.19 | 0.17 | 0.19 | 67 | Municipal Bonds | BGEIX vs BCITX | |
| American Century Intermediate-Term Tax-Free Bond F... | 0.20 | 0.16 | 0.19 | 66 | Municipal Bonds | BGEIX vs TWTIX |
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