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
29 mutual funds have low correlation with BGSAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.08 | -0.01 | 0.01 | 99 | Municipal Bonds | BGSAX vs TFCYX | |
| BlackRock Allocation Target Shares Series A Portfo... | 0.03 | 0.06 | 0.06 | 97 | Short-Term Bond | BGSAX vs BATAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.08 | 0.24 | 0.18 | 81 | Tactical Allocation | BGSAX vs PBAIX | |
| BlackRock New Jersey Municipal Bond Fund | 0.08 | 0.06 | 0.09 | 73 | Municipal Bonds | BGSAX vs MANJX | |
| BlackRock Short Obligations Fund | 0.08 | 0.01 | 0.05 | 99 | Ultrashort Bond | BGSAX vs BBSOX |
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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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.31, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.31 | 0.44 | 0.60 | 87 | Technology | |
| Alphabet Inc. Class A | 0.47 | 0.53 | 0.65 | 96 | Communication Services | |
| CrowdStrike Holdings, Inc. | 0.50 | 0.59 | 0.64 | 65 | Technology | |
| Advanced Micro Devices, Inc. | 0.64 | 0.65 | 0.72 | 97 | Technology | |
| NVIDIA Corporation | 0.71 | 0.76 | 0.81 | 72 | Technology |
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