Looking to diversify beyond BGHSX? The mutual funds below have the lowest correlation with BGHSX — 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 BGHSX.
Best Diversifiers for BGHSX
3 mutual funds have low correlation with BGHSX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.06, 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 | 0.06 | 0.06 | — | 100 | High Yield Bonds | BGHSX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.08 | 0.08 | — | 100 | High Yield Bonds | BGHSX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.18 | — | 99 | High Yield Bonds | BGHSX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.32 | 0.60 | — | 52 | High Yield Bonds | BGHSX vs RCRYX | |
| T. Rowe Price Short Duration Income Fund | 0.38 | 0.44 | — | 89 | Short-Term Bond | BGHSX vs TSDLX |
See all 36 diversifiers for BGHSX
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