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
13 mutual funds have low correlation with BGLYX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (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 |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | 0.19 | 0.33 | 0.39 | 58 | Energy Equities | BGLYX vs VENAX | |
| Fidelity Select Energy Portfolio | 0.19 | 0.33 | 0.40 | 79 | Energy Equities | BGLYX vs FSENX | |
| Invesco Energy Fund | 0.22 | 0.34 | 0.41 | 70 | Energy Equities | BGLYX vs FSTEX | |
| Adams Natural Resources Closed Fund | 0.22 | 0.34 | 0.41 | 63 | Energy Equities | BGLYX vs PEO | |
| Guinness Atkinson Global Energy Fund | 0.23 | 0.35 | 0.41 | 86 | Energy Equities | BGLYX vs GAGEX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGLYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGLYX and solid risk/return profiles. The least correlated is Brookfield Corp (BN) (Financial Services) with a 1Y correlation of 0.31, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Corp | 0.31 | 0.46 | 0.55 | 53 | Financial Services |
Build a portfolio that complements BGLYX
Add BGLYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BGLYX