Looking to diversify beyond BGT? The mutual funds below have historically moved differently from BGT, 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 BGT
51 mutual funds have low correlation with BGT (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.12 | — | — | 99 | Bank Loan | BGT vs CAPIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.01 | 0.03 | 0.02 | 93 | Bank Loan | BGT vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.06 | 0.06 | 0.06 | 100 | Bank Loan | BGT vs RCRIX | |
| American Beacon Frontier Markets Income Fund | 0.06 | 0.12 | 0.19 | 99 | Emerging Markets Bonds | BGT vs AGEPX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.08 | 0.13 | 0.19 | 93 | Bank Loan | BGT vs FFRSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BGT, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.06 | 0.03 | 0.12 | 77 | Real Estate | |
| Reaves Utility Income Trust | 0.14 | 0.14 | 0.21 | 55 | Financial Services | |
| Trinity Capital Inc. | 0.18 | 0.19 | 0.17 | 84 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.18 | 0.18 | 0.18 | 57 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.18 | 0.26 | 74 | Financial Services |
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