Looking to diversify beyond BGLYX? The mutual funds below have the lowest correlation with BGLYX — 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 BGLYX.
Best Diversifiers for BGLYX
6 mutual funds have low correlation with BGLYX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.19, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.19 | 0.32 | 0.39 | 51 | Energy Equities | BGLYX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 0.21 | 0.33 | 0.40 | 56 | Energy Equities | BGLYX vs GAGEX | |
| Rydex Energy Fund | 0.25 | 0.38 | 0.44 | 55 | Energy Equities | BGLYX vs RYEIX | |
| Oil Equipment & Services UltraSector ProFund | 0.26 | 0.32 | 0.38 | 83 | Energy Equities | BGLYX vs OEPIX | |
| Rydex Energy Services Fund | 0.27 | 0.32 | 0.40 | 78 | Energy Equities | BGLYX vs RYVIX |
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