Looking to diversify beyond BGHIX? The mutual funds below have historically moved differently from BGHIX, 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 BGHIX
4 mutual funds have low correlation with BGHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.07, down from 0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.07 | 0.18 | — | 73 | High Yield Bonds | BGHIX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.03 | 0.04 | — | 100 | Bank Loan, High Yield Bonds | BGHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.10 | — | 100 | High Yield Bonds | BGHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.22 | — | 100 | High Yield Bonds | BGHIX vs RPHIX | |
| T. Rowe Price Floating Rate Fund - Investor Class | 0.39 | 0.42 | — | 90 | High Yield Bonds | BGHIX vs PRFRX |
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