Looking to diversify beyond BGSAX? The mutual funds below have the lowest correlation with BGSAX — 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 BGSAX.
Best Diversifiers for BGSAX
0 mutual funds have low correlation with BGSAX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.32, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.32 | 0.22 | 0.10 | 92 | Long-Short | BGSAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.39 | 0.28 | 0.12 | 67 | Systematic Trend | BGSAX vs ASFYX | |
| ARK Venture Fund | 0.42 | 0.53 | — | 98 | Technology Equities | BGSAX vs ARKVX | |
| Schwab Fundamental US Large Company Index Fund | 0.51 | 0.57 | 0.65 | 92 | Large Cap Value Equities | BGSAX vs SFLNX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.51 | 0.56 | 0.67 | 82 | Technology Equities | BGSAX vs GTTIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGSAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGSAX and solid risk/return profiles. The least correlated is International Business Machines Corporation (IBM) (Technology) with a 1Y correlation of 0.21, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Business Machines Corporation | 0.21 | 0.31 | 0.34 | 53 | Technology | |
| Apple Inc | 0.33 | 0.46 | 0.61 | 89 | Technology | |
| CrowdStrike Holdings, Inc. | 0.47 | 0.58 | 0.64 | 70 | Technology | |
| Alphabet Inc Class A | 0.50 | 0.55 | 0.66 | 96 | Communication Services | |
| Advanced Micro Devices, Inc. | 0.61 | 0.64 | 0.71 | 98 | Technology |
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