Looking to diversify beyond BGSAX? The mutual funds below have historically moved differently from BGSAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BGSAX
55 mutual funds have low correlation with BGSAX (below 0.3), 7 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.19 | -0.08 | 83 | Diversified Portfolio | BGSAX vs SIFAX | |
| BlackRock Energy Opportunities Fund | -0.07 | 0.07 | 0.19 | 81 | Energy Equities | BGSAX vs BACAX | |
| BlackRock Energy Opportunities Fund | -0.07 | 0.07 | 0.19 | 82 | Energy Equities | BGSAX vs BACIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.06 | -0.01 | 0.01 | 99 | Municipal Bonds | BGSAX vs TFCYX | |
| BlackRock Real Estate Securities Fund | -0.04 | 0.14 | 0.35 | 59 | REIT | BGSAX vs BIREX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BGSAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.23, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.23 | 0.04 | 0.25 | 61 | Financial Services | |
| Welltower Inc. | -0.14 | 0.06 | 0.17 | 89 | Real Estate | |
| Electronic Arts Inc. | 0.07 | 0.23 | 0.34 | 96 | Communication Services | |
| Apple Inc | 0.25 | 0.40 | 0.58 | 89 | Technology | |
| Alphabet Inc. Class A | 0.44 | 0.51 | 0.63 | 95 | Communication Services |
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