Looking to diversify beyond BGX? The mutual funds below have historically moved differently from BGX, 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 BGX
15 mutual funds have low correlation with BGX (below 0.3), 3 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.05, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.05 | -0.06 | — | 54 | Long-Short | BGX vs QAMNX | |
| Vanguard Market Neutral Fund Investor Shares | -0.02 | -0.03 | -0.01 | 97 | Long-Short | BGX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.00 | -0.03 | -0.01 | 97 | Long-Short | BGX vs VMNIX | |
| Knights of Columbus Long/Short Equity Fund | 0.00 | 0.08 | 0.11 | 96 | Long-Short | BGX vs KCEIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.02 | 0.03 | 0.00 | 97 | Equity Market Neutral | BGX vs BDMIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BGX
Add BGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BGX