Looking to diversify beyond BGHIX? The mutual funds below have the lowest correlation with BGHIX — 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 BGHIX.
Best Diversifiers for BGHIX
3 mutual funds have low correlation with BGHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.01 | 0.06 | — | 100 | High Yield Bonds | BGHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.10 | — | 100 | High Yield Bonds | BGHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.21 | — | 100 | High Yield Bonds | BGHIX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.31 | 0.62 | 0.75 | 55 | High Yield Bonds | BGHIX vs RCRYX | |
| RiverPark Strategic Income Fund | 0.36 | 0.34 | 0.39 | 68 | High Yield Bonds | BGHIX vs RSIIX |
See all 30 diversifiers for BGHIX
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