Looking to diversify beyond BGT? The mutual funds below have the lowest correlation with BGT — 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 BGT.
Best Diversifiers for BGT
43 mutual funds have low correlation with BGT (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.05 | — | — | 98 | Bank Loan | BGT vs CAPIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.01 | 0.04 | 0.02 | 80 | Bank Loan | BGT vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.04 | 0.07 | 0.06 | 100 | Bank Loan | BGT vs RCRIX | |
| Federated Hermes Floating Rate Strat Inc Fund | 0.06 | 0.11 | 0.19 | 84 | Bank Loan | BGT vs FFRSX | |
| Calvert Floating-Rate Advantage Fund | 0.09 | 0.18 | 0.24 | 60 | Bank Loan | BGT vs CFOIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BGT and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.10 | 0.13 | 0.20 | 78 | Financial Services | |
| Trinity Capital Inc. | 0.14 | 0.17 | 0.17 | 80 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.24 | 0.19 | 0.26 | 63 | Financial Services |
Build a portfolio that complements BGT
Add BGT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BGT