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
9 mutual funds have low correlation with BGLYX (below 0.3), 0 of which are negatively correlated. The least correlated is NXG Cushing® Midstream Energy Fund (SRV) (Energy Equities) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NXG Cushing® Midstream Energy Fund | 0.16 | 0.25 | 0.36 | 77 | Energy Equities | BGLYX vs SRV | |
| Fidelity Select Energy Portfolio | 0.22 | 0.32 | 0.39 | 70 | Energy Equities | BGLYX vs FSENX | |
| Guinness Atkinson Global Energy Fund | 0.25 | 0.33 | 0.40 | 66 | Energy Equities | BGLYX vs GAGEX | |
| BlackRock Energy Opportunities Fund | 0.27 | 0.35 | 0.42 | 54 | Energy Equities | BGLYX vs BACAX | |
| Cavanal Hill World Energy Fund | 0.27 | 0.36 | 0.44 | 65 | Energy Equities | BGLYX vs APWEX |
See all 47 diversifiers for BGLYX
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