Looking to diversify beyond BGH? The mutual funds below have the lowest correlation with BGH — 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 BGH.
Best Diversifiers for BGH
7 mutual funds have low correlation with BGH (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.06 | 0.03 | 0.02 | 100 | High Yield Bonds | BGH vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.10 | 0.09 | 100 | High Yield Bonds | BGH vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.12 | 0.08 | 0.12 | 99 | High Yield Bonds | BGH vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.21 | 0.28 | 0.38 | 52 | High Yield Bonds | BGH vs RCRYX | |
| T. Rowe Price Floating Rate Fund | 0.22 | 0.27 | 0.32 | 96 | High Yield Bonds | BGH vs PRFRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGH and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.19, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.26 | 0.34 | 69 | Financial Services |
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