Looking to diversify beyond BGSIX? The mutual funds below have the lowest correlation with BGSIX — 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 BGSIX.
Best Diversifiers for BGSIX
1 mutual funds have low correlation with BGSIX (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 0.29, 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 | 0.29 | 0.22 | 0.10 | 92 | Long-Short | BGSIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.40 | 0.28 | 0.12 | 67 | Systematic Trend | BGSIX vs ASFYX | |
| ARK Venture Fund | 0.42 | 0.53 | — | 98 | Technology Equities | BGSIX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.51 | 0.56 | 0.67 | 82 | Technology Equities | BGSIX vs GTTIX | |
| Firsthand Alternative Energy Fund | 0.68 | 0.63 | 0.70 | 56 | Technology Equities | BGSIX vs ALTEX |
See all 30 diversifiers for BGSIX
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