Looking to diversify beyond BGX? The mutual funds below have the lowest correlation with BGX — 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 BGX.
Best Diversifiers for BGX
12 mutual funds have low correlation with BGX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.04 | -0.03 | -0.00 | 85 | Long-Short | BGX vs VMNFX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.04 | -0.03 | -0.00 | 85 | Long-Short | BGX vs VMNIX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.02 | 0.02 | -0.00 | 95 | Long-Short | BGX vs BDMIX | |
| Knights of Columbus Long/Short Equity Fund | 0.05 | 0.11 | 0.12 | 60 | Long-Short | BGX vs KCEIX | |
| AQR Long-Short Equity Fund | 0.14 | 0.16 | 0.16 | 53 | Long-Short | BGX vs QLEIX |
See all 15 diversifiers for BGX
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