Looking to diversify beyond BGY? The mutual funds below have historically moved differently from BGY, 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 BGY
1 mutual funds have low correlation with BGY (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.21, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.21 | 0.12 | 0.09 | 98 | Equity Market Neutral | BGY vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.31 | 0.22 | 0.08 | 67 | Systematic Trend | BGY vs ASFYX | |
| Cullen Enhanced Equity Income Fund | 0.34 | 0.41 | 0.52 | 57 | Derivative Income | BGY vs ENHNX | |
| The Covered Bridge Fund | 0.44 | 0.44 | 0.55 | 86 | Derivative Income | BGY vs TCBIX | |
| Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 0.54 | 0.56 | 0.62 | 84 | Small Cap Blend Equities | BGY vs VTMSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BGY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.56 | 0.53 | 0.61 | 89 |
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